Mastercard SpendingPulse expands across Europe with reports pointing to solid retail sales growth

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PURCHASE, NY–(BUSINESS WIRE)–Consumer spending has evolved rapidly over the past two years, from how people pay to where they shop, making economic news more important than ever. With these new preferences and behaviors, businesses and governments are looking for regular information to help guide their planning and decision-making. To meet these needs, Mastercard SpendingPulseMT has been expanded across Europe to the UK, France, Spain, Germany, Italy, Hungary, Czech Republic, Netherlands and Poland. Measuring in-store and online sales for all forms of payment, Mastercard SpendingPulse shows that Spain, the UK and France led year-over-year growth in May among the countries measured, no adjusted for inflation.

Mastercard SpendingPulse provides frequent and reliable retail information with a high level of geographic granularity and is an established economic indicator in the United States, Brazil, Australia and other markets around the world. With daily metrics and weekly updates, retailers, financial institutions and others have come to rely on insights during key retail times, holidays and throughout the year.

“The Great Rebalancing is underway across Europe as consumers shift from spending on goods to experiences they have been deprived of for the past two years. This is good news for experiential sectors like restaurants and hotels. accommodation,” said Natalia Lechmanova, senior economist, Mastercard Economics Institute. “Despite higher prices, the consumer remains resilient. We see spending continuing overall, although we are starting to see some portfolio shifts.”

According to Mastercard SpendingPulse, key trends for May show the diversification of spending across sectors and channels as pandemic restrictions ease:

  • Total non-automotive retail sales increased in most markets compared to May 2021, but also compared to May 2019 before the pandemic.

  • In-store sales continue to rebound, with growth in the majority of markets.

  • E-commerce sales have slowed, but remain largely elevated compared to 2019 before the pandemic.

Sectors such as electronics, groceries and furniture saw lower year-over-year growth rates in May as pandemic-related restrictions eased and spending slowed. extended beyond goods and services.

Sectors related to mobility and consumer experiences, such as restaurants and accommodations, are seeing extraordinary growth compared to the activity that was cut last year. This is due to pent-up demand and the broader return to travel, as well as rising prices.

“The consumer is at the heart of the economy,” said Mark Barnett, President of Mastercard Europe. “Leveraging our unique retail sales insights, we are able to provide near real-time pulse on consumer health and trends. This helps businesses and governments understand today’s consumer and ultimately adapt to their ever-changing needs across all channels. »

About Mastercard SpendingPulse

Mastercard SpendingPulseMT, reports domestic retail sales for all payment types in select markets around the world. Results are based on overall sales activity in the Mastercard payment network, coupled with survey-based estimates for other forms of payment, including cash and checks. As such, SpendingPulse information does not contain, reflect or relate in any way to actual Mastercard operational or financial performance, or payment card issuer specific data.

Mastercard SpendingPulse information is preliminary and reflects local market currency. “Total retail sales” are defined as sales at retailers and foodservice merchants of all sizes. Sales activities in the service sector (eg travel services such as accommodation) 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 payment 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, safer and more efficient for everyone. Follow us on twitter @MastercardNewsjoin the discussion on the Beyond the Transaction blog and subscribe for the latest news on the Engagement Bureau.

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