Electronic transactions down

The value of electronic transactions was 2.8%  lower in November than in October.

It was the largest monthly drop since records began in October 2002 and was mainly a result of a fall in the price of fuel.

That could mean people had more money to spend on other things but anecdotal reports from retailers suggest that the volume and value of sales is down.

Although things may not yet be as desperate as this:

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One Response to Electronic transactions down

  1. Matt Nolan says:

    “That could mean people had more money to spend on other things but anecdotal reports from retailers suggest that the volume and value of sales is down.”

    There is also a “core” retail sales figure in there – which takes out fuel and non-retail purchases. That was down 0.5% on October.

    Like

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