UK Card Expenditure Statistics: June 2015
Debit and credit card spending has continued to grow month-on-month, latest expenditure data from The UK Cards Association shows.
Both total spending and the number of purchases increased from May to June. Some £50.7 billion was spent on cards during June 2015, more than a fifth of which (£11.2 billion) was spent online. Meanwhile, there were 1.095 billion purchases.
The majority of spending - £36.1 billion, or 71 per cent – was spent on debit cards, slightly up on June 2014. Spending on credit cards in June 2015 amounted to £14.6 billion.
Meanwhile, spending on entertainment – including restaurants and pubs, days out, concerts and sporting events - has increased by 15 per cent in the past year.
There were 126 million purchases online, an increase of 1.5 per cent on May. Internet transactions accounted for 11.5 per cent of total purchases, up from 10.5 per cent in 2014.
Growth in card spending was attributed to changes in seasonal shopping habits and a strong rise in consumer confidence.
Overall, there were 87 million more purchases in the second quarter of 2015 than the first quarter of the year. Spending was £2.5 billion above the level recorded in the first quarter.
Richard Koch, Head of Policy at The UK Cards Association, said:
“Consumer confidence has led to sustained increases in spending in stores and online. This spending also reflects changing consumer behaviour which sees shoppers reaching for their payment cards as the preferred way to pay.”