Consumer Pulse Wave 10

Households report improved levels of financial impact from COVID-19, as impact has dropped below 50% for the first time after hovering around 60% for the bulk of lockdown. However, with the looming threat of a second wave of lockdowns, this may prove to be a short-lived improvement.

While half of households are still cutting some discretionary spend items from their budgets, a growing number are not planning to make a major purchase in the next three months (+3 pp since July to 37%). The latter may be due to seasonal factors, as plans for local (-7 pp to 16%) and international holidays (-3 pp to 12%) both dropped as summer has ended.

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