Ricky Ho

Stats NZ figures show that total card spending fell by 1.9% in May, with only one industry seeing a rise; spending 'much weaker than expected' in the month; consumer spending likely to 'remain soggy' over the second half of the year

Stats NZ figures show that total card spending fell by 1.9% in May, with only one industry seeing a rise; spending 'much weaker than expected' in the month; consumer spending likely to 'remain soggy' over the second half of the year

Stats NZ says the seasonally adjusted spending fall in December was the first for nine months and was a 'large' fall for a December month; economists say consumers have taken on board Reserve Bank warnings about spending

Stats NZ says the seasonally adjusted spending fall in December was the first for nine months and was a 'large' fall for a December month; economists say consumers have taken on board Reserve Bank warnings about spending

Statistics New Zealand says retail spending spending rose across a majority of retail industries, with the largest contribution coming from consumables - probably influenced by rising prices

Statistics New Zealand says retail spending spending rose across a majority of retail industries, with the largest contribution coming from consumables - probably influenced by rising prices

Statistics New Zealand says the $640 mln drop in credit and debit card spending last month was the first drop in spending since the August 2021 lockdown

Statistics New Zealand says the $640 mln drop in credit and debit card spending last month was the first drop in spending since the August 2021 lockdown

Wider range of services opening in December, coupled with Christmas rush, boosts card spending by $157 million on previous month, Statistics NZ data shows

Wider range of services opening in December, coupled with Christmas rush, boosts card spending by $157 million on previous month, Statistics NZ data shows