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First Data Releases October 2012 SpendTrend

First data logo 140x60pxFirst Data has released its First Data SpendTrend analysis for the full month of October 2012 compared to October 2011.

Dollar volume growth of 6.7% in October was healthy as shoppers became less pessimistic about the economy. Improved consumer sentiment and a pullback in savings continued to support spend. Meanwhile, transaction growth slipped to 5.9% in October compared to 6.3% in September. Average ticket growth was 0.8% in October, a reversal from September’s -0.5% growth. Several retail categories experienced improved average tickets from September due to a slight rise in prices. However, a sharp increase in average ticket growth at retailers indicates that consumers have also shown an increased tendency to spend more.

SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.

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