Mastercard SpendingPulse Expands Across Europe with Insights Pointing to Solid Retail Sales Growth
June 08 2022 - 4:01AM
Business Wire
May Insights Show Rebound of In-Store
Shopping & the ‘Experience Economy’
Consumer spending has evolved rapidly over the past two years,
from how people pay to where they shop, making economic insights
more important than ever. With these new preferences and behaviors,
businesses and governments are looking for regular insights to help
guide their planning and decision making. To support these needs,
Mastercard SpendingPulseTM has been extended across Europe to the
U.K., France, Spain, Germany, Italy, Hungary, Czech Republic, The
Netherlands and Poland. Measuring in-store and online sales across
all forms of payments, Mastercard SpendingPulse shows that Spain,
the U.K., and France led year-over-year growth in May among the
countries measured, not adjusted for inflation.
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Mastercard SpendingPulse, Total Retail
Sales Growth Rates (Graphic: Business Wire)
Mastercard SpendingPulse offers frequent, trusted retail
insights with a deep level of geographic granularity and is an
established economic indicator in the U.S., Brazil, Australia and
other markets around the world. With daily metrics and weekly
updates, retailers, financial institutions and others have come to
rely on the insights during key retail moments, holidays and
year-round.
"The Great Rebalancing is underway across Europe, as consumers
shift from spending on goods to the experiences they’ve been
deprived of these past two years. This is good news for
experiential sectors like restaurants and lodging,” said Natalia
Lechmanova, Senior Economist, Mastercard Economics Institute.
“Despite higher prices, the consumer remains resilient. We’re
seeing spending continue broadly, though we’re starting to see
wallet shifts.”
According to Mastercard SpendingPulse, key trends for May show
the diversification of spending across sectors and channels as
pandemic restrictions ease:
- Total retail sales excluding auto were up across most markets
compared to May 2021 but also compared to a pre-pandemic May
2019.
- In-store sales continue to rebound, with growth across the
majority of markets.
- E-commerce sales slowed, though remain largely elevated
compared to pre-pandemic 2019.
Sectors such as Electronics, Grocery and Furniture, experienced
reduced year-over-year growth rates in May as pandemic restrictions
eased and spending expanded beyond goods and back to services.
Sectors related to consumer mobility and experiences, such as
Restaurants and Lodging, are seeing extraordinary growth compared
to suppressed activity last year. This is driven by pent-up demand
and the broader return to travel, as well as price increases.
“The consumer is the heart of the economy,” said Mark Barnett,
President, Mastercard Europe. “By drawing on our unique retail
sales insights, we’re able to provide a near real-time pulse of
consumer health and trends. This helps businesses and governments
alike understand today’s consumer, and ultimately adapt to their
ever-changing needs across channels.”
About Mastercard SpendingPulse
Mastercard SpendingPulseTM, reports on national retail sales
across all payment types in select markets around the world. The
findings are based on aggregate sales activity in the Mastercard
payments network, coupled with survey-based estimates for other
payment forms including cash and check. As such, SpendingPulse
insights do not in any way contain, reflect or relate to actual
Mastercard operational or financial performance, or specific
payment-card-issuer data.
Mastercard SpendingPulse insights are preliminary and reflect
the market’s local currency. ‘Total retail sales’ are defined as
sales at retailers and food services merchants of all sizes. Sales
activity within the services sector (for example, travel services
such as lodging) are not included.
About Mastercard
Mastercard (NYSE: MA), www.mastercard.com, is a technology
company in the global payments industry. We operate the world’s
fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in
more than 210 countries and territories. Mastercard products and
solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more
secure and more efficient for everyone. Follow us on Twitter
@MastercardNews, join the discussion on the Beyond the Transaction
Blog and subscribe for the latest news on the Engagement
Bureau.
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version on businesswire.com: https://www.businesswire.com/news/home/20220608005343/en/
Europe: alice.brown@mastercard.com Global:
alexandria.pierroz@mastercard.com
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