Dynamic Business Logo
Home Button
Bookmark Button

Consumers hold onto cash this Easter

With the Easter break about to commence, IBISWorld general manager (Australia) Robert Bryant has predicted that this year people will most likely streamline their Easter celebrations, with total retail spending expected to fall by 0.8 percent from last year, amounting a loss of $1.3 billion.

Mr Bryant believes more families will be eating in as opposed to dining out, and cutting back on the amount of money they spend on Easter treats, namely chocolate.

“We’ll see many more families celebrating with a family meal at home… and kids who may have previously received chocolate… may find that the Easter Bunny has gone back to basics this year.”

Dining and beverage sales are expected to drop by as much as 7.8 percent, but hot cross bun sales will rise by 4.1 percent.

There is some positive news, according to Bryant with holding spending only expected to decrease by 0.1 percent, with falling petrol prices and discounted airfares allowing struggling families to afford a local holiday.

People who read this, also liked:
Consumer spending down, stimulus needed
Retailers angered over Easter trading decision

Aussies encouraged to take a holiday at home

What do you think?

    Be the first to comment

Add a new comment

Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

View all posts