Business
‘Trying to stay afloat’: Traders feel strain as consumer spending plunges 22 per cent – The Age
New new data shows spending on cafes, gyms and supermarkets is well down on pre-COVID-19 levels in Victoria, while spending on health and online retail is up.
“But if we stay in stage four much longer, its going to get harder and harder.”
Mr Enaty is not surprised at new data that shows consumers spending at cafes in Victoria is down 42 per cent compared to before the pandemic.
By contrast, in NSW, where restrictions have eased, cafe spending is up 18 per cent, according to the research covering August 17-23 by data analytics firm AlphaBeta and credit bureau illion.
Overall, spending in Victoria continues to decline, hitting 22 per cent below norma…
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