Payment firm Visa inflation-adjusted spending (on its credit and debit cards)
- +0.7% y/y In June
- follows +0.9% y/y in May
Visa reported spending in shops and retail establishments grew more quickly than online for a second month in a row, the first time that has happened since 2012
Mark Antipof, chief commercial officer at Visa citing:
- Heatwave
- World Cup
- led to particularly strong increases in spending in restaurants and bars
(not a GBP mover, but notable regardless for those watching UK developments)