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Net change in consumer spending behavior in the United Kingdom (UK) in August 2020

A recent survey carried out in the United Kingdom (UK) among consumers shows that the short term net spending behavior is shifted towards essential products from recreation and luxury items. Groceries category took the lead as the product group that has the largest net positive spending change with 18 percent, followed by household goods and medicines with 11 percent and 7 percent, respectively. Highest spending reduction was observed in apparel/footwear, electronics and restaurant/takeout product groups with net negative 15 percent, whereas books and alcohol saw the smallest change compared to other categories.

Net percentage change in consumer spending on different product categories in the United Kingdom (UK)* in August 2020

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Source

Release date

August 2020

Region

United Kingdom

Survey time period

August 22, 2020

Age group

18 years and older

Supplementary notes

* This question was phrased by the source as follows: "How much do you plan to spend on each of the following items over the next four weeks compared to the last four weeks?"

The source added the following note regarding methodology: "Net Spending Intent is calculated according to the formula: "(% A lot more/Somewhat More) minus (% A lot less/Somewhat less)"

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