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Is Retail Leading the Recovery?

Q4 2021 retail trade compared to Q4 2020 indicates a 33% plus jump illustrating the growing consumer confidence towards the reopening of society with a potential contributing factor of increased levels of disposable income as a result of government stimulus and the inability to go out and spend.

Some might even make the case that the more time we have spent at home has led to people wanting to get out and about and that potentially could be leading to an increased spending on retail goods.

All in all, with the continued ease of restrictions and the sector continuing to enjoy growth (with major contributions from online purchase behaviour), the retail sector may be the economic leader for a bounce back, post pandemic.

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