Spending in restaurants reaches 15-month high

By Sophie Witts contact

- Last updated on GMT

Spending in restaurants reaches 15-month high

Related tags: Managing director

The warm September weather saw people spend the largest amount on eating and drinking out for over a year.

According to data from Barclaycard, spending in pubs rose 17.3 per cent year-on-year to a 20 month high, while restaurants saw a 14.9 per cent rise to reach a 15-month high.

It follows a record return to growth in the hospitality sector in August after a reported post-Brexit slump in July.

Barclaycard said it had seen a marked improvement in consumer confidence since the EU referendum in June.

Seventy per cent of consumers now feel more secure about their household finances, up four per cent from the April-June period, while 56 per cent are more confident in their ability to make ‘non-essential’ purchases.

Paul Lockstone, managing director at Barclaycard, said it was the first time the study had found such high levels of consumer confidence since it began in 2014.

“This recovery in confidence, combined with the warmer September weather, helped to prolong the summer feeling amongst consumers last month,” he said.

“Increased spend on experiences, and in particular with friends and family in pubs and restaurants, delivered one of the strongest months for spend growth so far this year.”

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