The latest Deloitte Consumer Tracker report has found that Irish consumers are now slightly more willing to spend more on food than they were six months ago.
While 61% of respondents to the study said that would be willing to ‘spend the same’ on grocery shopping over the next six months as they did over the past six months, 18% said they were hoping to spend ‘a little more’, while 4% indicated they would spend ‘a lot more’.
This compares to 7% that said they would be looking to spend ‘a little less’, and 4% that said they were hoping to spend ‘a lot less’.
In the report, Deloitte said, “The seasonal factor may be behind a predicted increase in spending on groceries and non-alcoholic beverages in the next six months, with 22% of consumers anticipating that they will spend more on these products.
“The seasonal factor may also be a factor influencing those planning to spend more on going out in the coming six months (24%). That positive sentiment is balanced, however, by 23% who expect to spend less on going out. Similarly, while 22% of consumers expect to spend more on restaurants and hotels in the next six months, 23% expect to spend less.”
There is a correlation between those that anticipate spending ‘a little more’ on alcohol in the next six months (13%) and those that anticipate spending ‘a little less’ (13%), with the same pattern seen when it comes to tobacco (8% ‘a little more’; 6% ‘a little less’).
28% of respondents said they would spend more on health over the coming six months.
© 2015 - Checkout Magazine by Stephen Wynne-Jones
