Recent figures from Nationwide’s spending data show that UK consumer spending has increased by 49% from February 2021 to February 2025.
Nationwide spending data, which is created from Nationwide clients debit and credit card transactions, has shown an increase of 49% in spending in February 2025 in comparison to February 2021.
What Are They Spending On?
Nationwide identified three key areas where consumers have been increasing their spending:
- (#1) Holidays
- (#2) Travel
- (#3) Leisure
The figures also indicate a decline in spending across dating services, DIY purchases, and general retail.
Who are Nationwide?
Nationwide is the UK’s largest building society, boasting over 17 million customers, with £1 in every £10 saved in the UK held with them.
UK consumer spending overall
From a countrywide perspective, UK consumer spending has increased from £373 billion in Q1 2020 to £389 billion.
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