Discretionary spend returns
The most recent REI Statistics for Quarter 3 2017 demonstrate a significantly improved performance in the retail sector.
The most positive aspect is the improved performance in areas such as Furniture and Flooring and Large Home Appliances while Garden Centres and the Agri Retail sector continue to show strong performance.
All of this demonstrates that there is a significantly improved level of discretionary consumer spend. Effectively meaning that for the first time in many years there is finally cash in people’s pockets after paying for necessities!
It must be said that the additional spend is still constricted to centres of population with rural areas lagging behind and while the housing market is improving it is still not fully functioning. With a glass half full perspective this means that there is still plenty of room for improvement!