Growth of spending on construction materials and household goods dived as a result of renewed mobility and economic activity restrictions – such is one tendency from the TBC Capital’s most recent ‘Tracking the Recovery’ report.
According to TBC Capital, the change in non-cash spending on construction materials was on the negative growth territory at -70% YoY in the 1-7 December period. In the same period, non-cash spending on furniture and appliances, stood at -66% YoY, down compared to the previous week, and growth in non-cash spending on electronics also plummeted, standing at -39% YoY.
