European_ConsumerCompass_Q3_2023_WiP06

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Savanta Consumer Compass Europe Q3 2023 Eating out has also suffered due to the economic downturn, with net spending levels down across all markets Eating Out spend (L12M) Net Spend: % spending more - spending less Q4 2022 Q1 2023 Q2 2023 Q3 2023 As with fashion, spending on Eating Out has typically decreased by most in markets with poor confidence levels – the UK & France. One exception is the Nordics, where spend is low on Eating Out, but confidence is high overall. However, spending on Eating Out in this market has fluctuated minimally and the perceived impact of inflation is low, suggesting that low spend is a result of social and cultural trends, rather than the economic environment All markets have seen improvements in spend over the last 12 months, though levels remain negative -40 -45 -50 -55 -60 -65 -56 % -55 % -42 % -42 % -48 % -50 % -50 % -51 % -53 % -47 % -50 % -52 -53 % % -56 -57 % -57 % % -57 % -58 -57 % -59 % % -59 % -60 % -58 % -60 % -63 % -64 % -57 % -61 % Q Eating out: How much, if at all, have you changed your spending on the following, in the past year? Base: Total (3,500) (c. 500 per market per wave) *UK – Q4 ‘22, Q1 ’23, Q2 ‘23 (c.2000) Italy Germany Spain Netherlands UK France Nordics 24
Savanta Consumer Compass Europe Q3 2023 Of the non-essential sectors, impact of inflation is highest for Eating Out, hence it is unsurprising we continue to see consumers sacrifice this luxury Impact of inflation on spending levels (non-essentials sectors) France 83 % 100 90 80 70 60 50 40 30 20 10 0 75 % 73 % 73 % 71 % 68 % 67 % 67 % Germany Italy Spain UK Netherlands The Nordics 82 % 78 % 73 % 72 % 69 % 68 % Eating out Fashion Holidays Eating in Personal grooming and beauty Entertainment outside the home Days out with the family Q. Eating out: How significantly have recent price increases impacted your levels of spending in any of the following areas? Base: Total (3,500) (c.500 per market) 25
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