Confidence Key to Retail Spending Recovery

Confidence Key to Retail Spending Recovery
People walk past the Myer Christmas window display as they do their Christmas shopping in Melbourne, Australia, on Dec. 20, 2012. Scott Barbour/Getty Images
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Retailers enjoyed an exceptionally strong spend-up a month out from Christmas but there is some uncertainty around how they have fared since in the face of COVID lockdowns in two major capitals.

Consumer confidence—a pointer to future household spending—ended 2020 on a sour note in response to the COVID-19 cluster and lockdown days out from Christmas in NSW’s northern beaches.