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Sales flatline before Christmas 'online frenzy'

Sales flatline before Christmas 'online frenzy'
Consumer spend in the UK is flat, according to data from Visa’s Weekly Christmas Spending Tracker.

Spending is down 3.7% in the week commencing 19 November compared to last year, according to the data. Spending across four week averages – an indicator of underlying trends – also saw a slight decline of 0.8%. Spending picked up slightly in comparison to the previous week, registering a 1.2% increase.

The findings come as the UK prepares for 'Mega Monday' on 3 December - when Visa Europe is predicting that £320 million will be spent on Visa cards online.

Green Box: Sales flatline before Christmas 'online frenzy'Click to open

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