Australia’s GDP has shown some signs of life with the December Quarter figures showing a 3.1 per cent rise in December. This figure has surprised many economists who did not expect such a solid bounce back and is the biggest increase since records were kept 60 years ago. This big increase still resulted in a negative 1.1 per cent decline in the economy in 2020.
Many in the industry have noticed that suppliers and producers are flat out meeting supply with many in the housing and development industry the busiest they’ve ever been.
Many have been struggling to keep up with demand with the only constraints they have is the worldwide slowdown in manufacturing and freight capacity limitations.
The cause of much of the heightened demand has been due to the government’s stimulus. The big one is the Government’s Home Builder program which provides funds for home buyers to build new houses or renovate existing ones. With many people cashed up due to the lack of overseas holidays, housing is booming.
Confidence seems to be coming back into the community which is a positive for businesses that have been doing it hard over the past year. Shoppers are now looking to open their wallets to retail again and many online stores are benefiting. One of those is Beginning Boutique who have had soaring sales in this time. Use a Beginning Boutique coupon code to save on your purchase today.
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