The Trader 

Market Outlook: Visa card spend down

The Trader

Visa, which accounts for a third of credit card spending in the UK, reports that sales volume slipped by 1 per cent in December (first drop in this month in 5 years) as compared to this time last year and follows a 0.9 per cent drop in November; this means that over the calendar year sales fell by 0.3 per cent, the first annual fall since 2012.  One shouldn’t be surprised seeing as wage growth hasn’t kept up with inflation.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now