Basic expenses of the Scottish population increased by 8%, which cannot be said about transportation costs
Scots prepare for winter indoors: non-essential spending grows. Source: pexels.com
The Bank of Scotland Spending Power reported that Scotland’s spending recovery remains heavy after the quarantine was canceled in July. Year on year expenses increased by 8%.
Due to the limited opening hours of the hotel and restaurant sector, restaurant expenses for the first time since July decreased by 5% year on year. Besides, spending on cinemas, theaters, and other entertainment activities decreased by 18% year oт year, as this area continues to float due to lack of customers.
Also, compared to October 2019, the cost of a vacation booking for the next year decreased by 57%.
Even so, there has been a noticeable increase in spending at home and electrical stores, these sectors growing by 44% year on year. Online markets also increased by 41%. These aspects contributed to pushing non-essential spending and growth for three profitable months.
Scots have started spending record amounts in supermarkets, 26% more than last year. This influenced the fact that the essential expenses in Scotland also increased by 8%. Year on year, there was a 20% increase for 8 months in a row, which coincides with the first national quarantine.
After all, regular commuter transportation costs have decreased. Fuel spending was down 14% year on year but then recovered to 10% last year a month earlier. In addition, spending on public transport decreased by 60%, compared with a 51% drop in September.
We’ve reported that 71% of global consumers are feeling comfortable returning to physical stores as local lockdowns have eased.
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