signs of growing Consumer spending may benefit your business

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April 11, 2015
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June 21, 2015
consumer spending rise

consumers shopping, consumer spending rise.

Consumers are spending more than they did in 2012.

According to the ONS
Average weekly household expenditure was £517.30 in 2013. This compares with £501.00 in 2012, after adjusting for inflation.

The third highest category of expenditure after housing and Transport was Recreation and culture, here consumers spent £63.90 per week.

This category includes spending on TVs, computers, newspapers, books, leisure activities and package holidays. (ONS, 2014)

These indicators are a sign of opportunity but what are you doing to make sure that your business gets a share of this increase in spending?

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