Household Spending Intentions – April 2021

The April edition of the Household Spending Intentions report shows strong improvement across all spending categories relative to April last year.  This comes as no surprise, given April 2020 was the low point for spending at the start of the Covid-19 lockdowns. Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist discuss how comparing April 2021 outcomes to 2019 helps to see some underlying trends in the data, removing the Covid-19 base effects. Home Buying, Retail, Health & Fitness, Entertainment and Car buying are all up on 2019.  Travel spending intentions are well up on April 2020, but they remain lower than April 2019.  Spending intentions on Education were up in April 2021 relative to 2020, but relatively flat on April 2019.

 

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