Card Spending Falls as Signs of Slower Consumer Activity Emerge

New figures from the Central Bank of Iceland show a broad decline in card spending by Icelandic consumers, adding to signs that private consumption is slowing. According to reporting by Viðskiptablaðið, market analysts believe the figures suggest household consumption is cooling rapidly. What’s the Story? Overall card turnover in Iceland fell 4.8 percent between March… The post Card Spending Falls as Signs of Slower Consumer Activity Emerge appeared first on Iceland Review.

By Michael Chapman