💨 Abstract

In February 2025, credit card spending saw a 7-month low, down 9% from January, as reported by ACMIIL. Despite a 12% year-over-year increase, this is lower than the average yearly growth seen previously, indicating a slowdown in consumer activity. The number of transactions increased year-over-year but decreased compared to January, and the average amount spent per transaction also decreased slightly.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖