First Data has released its First Data SpendTrend analysis for the full month of October 2011 compared to October 2010.
In October, dollar volume growth held steady at 9.4% versus September’s growth of 9.5%. Overall transaction growth improved to 7.5% in October from 7.1% in September. Inflation continued to be evident in the food sector as Food/Beverage Stores posted average ticket growth of 2.3% for the second consecutive month.
SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations.