Holidays a priority, as Americans resume spending
A recent article in the Washington Post has indicated that Americans have pretty much resumed their normal spending habits following a slow down period post 11 September.
The article said nearly one-third of Americans stopped discretionary spending on things such as holidays and home improvement after the Sept 11 attacks, but nearly half of those consumers said they’ve resumed normal spending. This according to a national survey conducted for AmeriCredit Corp by Market Facts Inc, an independent research firm.
Four out of five said in a telephone survey that they would be back to their normal spending patterns within a year. In the survey of 1 000 consumers, 23% said a holiday would be their first major purchase this year.
Following a drop in American arrivals to South Africa for December 2001 and January 2002, February stats indicated a gradual recovery. American arrivals for February 2002 (12 175) were up around 4% on February 2001 figures (11 695).
(Miguel de Sousa)
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