PSCU Payments Index March 2023: A Deep Dive on Travel

Trends in consumer purchasing are beginning to show early signs that we are on a path of the soft landing the Fed has been working toward. In our February 2023 data, we find consumer purchasing, while still positive for credit and debit cards, in mid-single-digit growth.

In the March 2023 edition of the PSCU Payments Index, February’s growth rates for transactions and purchases continue to converge for both credit and debit in the mid-single digit range. In this month’s Deep Dive, we look at two sectors with the highest year-over-year growth in purchases: Travel (discretionary spending) and Transportation (non-discretionary spending).

Key takeaways include:

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