Barclays Research launches UK Spend Trends 2.0
UK Spend Trends 2.0 is a set of signals designed to provide an
in-depth view into consumer spending in the United Kingdom using
more than 12bn anonymised and aggregated UK consumer
Barclays Research is enhancing its franchise with the launch of
UK Spend Trends 2.0 signals. The new offering builds on Barclays’
strong history of publishing insights about UK consumer spending
and provides an in-depth view into consumer spending across more
than 250 industries, customer age demographics as well as online
and in-store purchases.
Commenting on the launch, Jeff Meli, Global Head of Research,
“UK Spend Trends 2.0 is one of the most refined signals of its
kind, aggregating the equivalent of 90 transactions per second. It
will offer a more frequent indicator of consumer confidence in the
UK and help clients assess the impact of market, economic and
political events on consumer spending over time.
Today’s launch also offers valuable, real-time insight into how
UK consumers have adapted their spending behavior during the
coronavirus pandemic, and will help track the performance of the UK
economy from lockdown, through to recovery, and beyond.”
The new offering builds on the existing Barclays Spend Trends
monthly report and uses more than 12bn anonymised and aggregated
transactions across Barclays debit and credit cards to produce a
daily signal on UK consumer spending going back to February 2016.
The signals will be updated weekly, reflecting data up to and
including the previous week and can be purchased on a subscription
basis from Barclays. For more information, click here.
Barclays Research will use the signals to publish differentiated
and innovative research for clients, including macro reports on the
performance of the UK economy, fundamental UK equity research and a
white paper outlining the methodology behind the signals.
Commenting on the launch, Matt Hammerstein, CEO, Barclays UK,
“We’re proud to launch our new UK Spend Trends 2.0 – an
invaluable source of insight on the health of the UK economy that
Barclays is uniquely positioned to provide.
Barclays has been sharing UK spending data for many years. We’re
confident this new capability will produce an even richer insight
into the ever-shifting landscape of consumer behaviour and its
impact on the retail sector, while helping our clients to navigate
the challenges ahead as the current crisis evolves.”
The Research Data & Investment Sciences team has issued a
number of reports in collaboration with Barclays research analysts,
providing unique investment insights and helping clients think of
ways they can incorporate new sources of data into their investment
Notes to Editors:
- UK Spend Trends 2.0 is based on more than 12bn anonymized and
aggregated Barclays credit and debit card transactions dating since
01 February 2016.
- It excludes all transactions generated from Barclays merchant
- The daily signals will be made available weekly with data up
to, and including, the previous week and provide trends across more
than 250 industries using Merchant Category Codes, customer age
demographics as well as online and in-store purchases.
- The signals can be purchased on a subscription basis from
Barclays. For more information, click here.
About Barclays: Barclays is a British universal bank. We
are diversified by business, by different types of customer and
client, and geography. Our businesses include consumer banking and
payments operations around the world, as well as a top-tier, full
service, global corporate and investment bank, all of which are
supported by our service company which provides technology,
operations and functional services across the Group. Barclays
offers investment banking products and services in the US through
Barclays Capital Inc. For further information about Barclays,
please visit our website home.barclays.
version on businesswire.com: https://www.businesswire.com/news/home/20200512005198/en/
Ellie Austin +44 (0) 207 773 6461 firstname.lastname@example.org
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