Barclaycard Reveals Record Growth in Non-Essential Purchases and Delivery App Usage
- Consumer card spending increased by 14.2% in October compared to the same period in 2019
- Spending on non-essential items rose by 14.6%
- Online takeaway spend saw a 127.1% increase due to colder weather leading to more people using delivery apps
According to Barclaycard’s latest data, consumer card spending experienced a significant increase of 14.2% in October compared to the same period in 2019. This growth was driven by a 14.6% rise in non-essential item purchases and a staggering 127.1% jump in online takeaway spend, as colder weather prompted more Brits to opt for delivery apps. The surge in spending on non-essentials highlights the impact of changing consumer behavior amidst the pandemic.
Factuality Level: 10
Factuality Justification: The article provides a clear and concise statement based on recent data from Barclaycard, comparing consumer card spending growth between October of this year and the same period in 2019. It is factual, objective, and does not contain any digressions, misleading information, sensationalism, redundancy, or personal perspective.
Noise Level: 7
Noise Justification: The article provides relevant and concise information about consumer card spending growth compared to a specific time period. However, it lacks depth, analysis, or contextualization of this trend within the broader economic landscape.
Financial Relevance: Yes
Financial Markets Impacted: Consumer spending and card transactions impact financial markets through economic indicators and company performance.
Financial Rating Justification: This article discusses consumer card spending, which is related to the financial sector and can affect companies’ revenues and overall economic activity.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
www.retailsector.co.uk 
