Lockdown hit to consumer spending less severe: Kiwibank

Wed, 01 Sep 2021

The drop in card spending by Kiwibank's customers during this lockdown has been less than half the plunge during last year's national lockdown but the spending patterns are similar.The data showed a 20% drop in spending in the first nine days of lockdown compared with the 45% drop in the equivalent period of the 2020 lockdown, reflecting both that more retailers have an online presence and that their customers are more comfortable with online shopping."Last year's lockdown prompted many businesses to establish an online presenc...

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