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Consumers plan to spend more as restrictions ease - Deloitte

Consumers are planning to spend across all areas
Consumers are planning to spend across all areas

Consumers plan to spend more money as Covid-19 restrictions continue to ease, according to Deloitte Ireland's latest consumer tracker report.

The survey of 1,000 consumers reveals a major uplift in consumer confidence, with people less concerned about their finances and their health.

The most recent data was gathered between 20 May and 26 May, as some of the lockdown restrictions in place since last December, were finally lifted.

The findings show that consumers are feeling safer across the board, with two in three now happy to engage in person-to-person services.

Consumers are planning to spend across all areas, as Daniel Murray, Partner and Head of Consumer at Deloitte explained.

"It appears many people are looking forward to spending on themselves or family, home furnishings, trips away and meals in restaurants.

"The easing of restrictions throughout May, and earlier this month means the opportunities are there to do that, and this spending will boost the domestic economy," he said.

The survey reveals some good news for the hospitality industry, with a significant increase in those planning to spend in a restaurant or stay in a hotel.

Travel looks like it will also pick up, both within Ireland and from mid-July onwards, abroad.

The tracker shows an increase in confidence in air travel - up 3% to 33%, the fifth such increase in a row.

This includes an increase of those who plan to travel to a hotel (up 7% to 33%), while those intending to travel by rail is up 6% to 27%.

Those planning to take an international flight is also up 2% to 23%.