Comfortable fashion and kitting out the home office led Uniqlo and IKEA to post bumper profits in 2021 despite rolling lockdowns crimping in-store purchases.
Lockdowns temper home buying plans: CBA mortgagebusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagebusiness.com.au Daily Mail and Mail on Sunday newspapers.
Consumer Confidence Plummets as Half of Australia Enters Lockdowns
Consumer confidence experienced its sharpest weekly drop since the start of the CCP virus pandemic as states announce lockdowns one after another to contain the Delta variant of the coronavirus.
Currently, over half of all Australians are now in lockdown after South Australia announced restrictions were coming into force from 6 p.m. Tuesday, after five cases were detected in the state, joining the New South Wales and Victoria.
The ANZ-Roy Morgan consumer confidence index also plummeted by 5.7 points to 104.3, pushing the index below the weekly average for 2021. However, it was still higher than the same week in 2020.