Travel and DIY boom predicted as Kiwis shift spending priorities - News Summed Up

Travel and DIY boom predicted as Kiwis shift spending priorities


The urge to spend money on DIY and renovations hasn't left New Zealanders following lockdown. A mini boom in domestic travel and house renovations could be on the way, according to surveys of New Zealanders' spending plans. A survey by Westpac McDermott Miller on leisure activities shows household spending has bounced back as Covid-19 restrictions eased, particularly in bars and home-related spending. ''New Zealanders are in the mood to hit the town again, and we're also spending more on in-home entertainment. Consumer confidence had declined and he predicted further softness in spending through the back half of this year, as unemployment increased.


Source: Stuff June 30, 2020 00:11 UTC



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