INSIGHT
According to data analysed by LendingMetrics, Christmas spending is on course to return to the levels that lenders saw before the pandemic, but there could be a storm on the horizon in 2022. Christmas spending returns
The volume of transactions that pass through the company’s platforms during the fourth quarter of 2021 are set to be 35% higher than the same period of 2020.
The rise follows a pattern of increasing activity, with Q3 2021 being 18% higher than Q3 2020, and an increase in trans - actions in all quarters compared to the same time in 2020. Although the Q4 figures could be partly due to lenders’
traditional ‘front-loading’ of activity, LendingMetrics believes the data points to a return to levels of activity last seen in the run-up to Christmas 2019, which is good news for lenders.
06 | Metrics Monthly
Q4 | 2021
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