According to the latest figures, overall consumer spending has continued to drop in the first months of this year, but the hospitality sector has continued to buck the trend.
Visa’s February 2018 UK Consumer Spending Index is based on Visa card spending and put together by economists from financial information and analysis firm IHS Markit.
A strong performance by hospitality sector
The falls in overall spending seen throughout 2017 continued into this year, with nine out of the last ten months recording negative figures. But after the usual quiet January for restaurants, hotels and bars, with growth falling to 3.7% from December 2017's 4.9%, the sector was the strongest in February. Hospitality saw a strong increase of 4.4%, comparing February 2018 with the same month last year.