Visa's inflation-adjusted consumer spending for November: -0.9% y/y
- October was -2.1%
- Visa cites:
Biggest falls in expensive items such as cars and trips abroad - Cheaper luxuries such as beauty treatments and cosmetics saw gains
- "People opt for smaller treats, at the same time tightening their belts when it comes to larger purchases" Visa executive Mark Antipof
- Black Friday discounts in late November boosted online sales at the expense of physical stores
