Wednesday, June 3, 2020

The Post-Lockdown Economy

What will the economy - and our lives - look like after the pandemic? If consumers have to choose between spending a post-coronavirus-lockdown Saturday buying new clothes or at a restaurant having dinner, more will choose shopping. That’s according to a new survey from S&P Global Market Intelligence, which polled 1,250 people between April 30 and May 18.

When restrictions let up, 44 percent of consumers said they planned to head back to stores. But only 31 percent said they’d dine out. After three months, the dine-out result rose to 40 percent.

The thing consumers are most excited to spend on, according to the S&P survey, are professional services like hair salons and spas. More than half of respondents (55 percent) said they were eager to head back for those experiences.

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