NEWCASTLE Permanent's most recent Customer Spend Trend Report showed year-on-year expenditure growth in spite of the pandemic.
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The report analysed more than 4.6-million card transactions made by more than a quarter of a million customers in November 2020.
It compared this to November 2019 data and spending patterns recorded during the NSW COVID-19 lockdown period of March and April 2020.
It found year-on-year expenditure growth in the food and grocery, home improvement, retail goods, department store, entertainment and dining sectors.
Categories with weaker year-on-year performance included airline expenditure and car purchases.
Newcastle Permanent said customers spent more than $5 million more at the supermarket in November 2020 than they did in lockdown period, which already recorded a 37 per cent lift compared to November 2019.
Overall, customers spent an additional $40.5 million - or 19.5 per cent - in November 2020 compared to November 2019.
The number of card transactions increased by 22 per cent on the year before.
Helen Gregory
Helen Gregory joined the Newcastle Herald in 2010. She is the masthead’s education reporter and has written for the H2 and Weekender sections, as well as across a range of issues. Helen is a Walkley Award winning journalist and was also part of the Newcastle Herald team that won the United Nations World Environment Day Media Award for Environmental Reporting.
Helen Gregory joined the Newcastle Herald in 2010. She is the masthead’s education reporter and has written for the H2 and Weekender sections, as well as across a range of issues. Helen is a Walkley Award winning journalist and was also part of the Newcastle Herald team that won the United Nations World Environment Day Media Award for Environmental Reporting.
