The outlook for the aviation industry remains bleak
Compared to the same period in 2019, consumer spending increased by 11.1% in June. This is because improvements in weather conditions and relaxation of restrictions have led to the UK becoming more socialized and going on holiday within the UK.
BarclayCard data reveals that spending on essential products had risen 14.7% in March 2020 since before the pandemic began.
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This was a result of a 19% increase, resulting in a surge in supermarket shopping, with a 76.4% increase with outlets of specialized food and drinks like butchers and licenses.
Although overseas holidays remained limited, many Britons chose to stay and visited friends and family as their spending on fuel increased by 3.6%. It was the first time that fuel spending has risen since the start of the pandemic.
Expenditures at bars and pubs rose 38.1% when Brits enjoyed mini-heatwaves and saw the early stages of the European Championships on the big screen.
Barclays suggested that this trend is likely to continue as the Tokyo Olympics approaches and the appetites of Britain for socialising have increased.
There has been a series of hopes in the UK’s travel industry, which has been de-morale in recent months, and when people traveled within the UK, one of 5.4% growth, once before the pandemic. I saw the moon. However, looking at the airlines, the outlook is bleak as travel agents and airlines saw falls of 75.3% and 70.9%.
Raheel Ahmed, director of consumer products, said: Socializing with Nikko. ”
“The start of the Olympics and the expected easing of restrictions later this month should continue to lift the spirit and increase opportunities for gatherings to celebrate weekend breaks, meals and sports victory. Brits over the past year It’s great to see that it makes up for lost time.”
