Satish Ranchhod

Electronic cards data for April shows that hospitality, durables and consumables spending rose in the month, but the apparel industry is still doing it tough

Electronic cards data for April shows that hospitality, durables and consumables spending rose in the month, but the apparel industry is still doing it tough

Stats NZ says retail card spending fell 0.8% last month, while separate data showed the services sector remained in contractionary mode

Stats NZ says retail card spending fell 0.8% last month, while separate data showed the services sector remained in contractionary mode

Stats NZ says retail card spending rose 0.3% on a seasonally adjusted basis in February after taking a dip in January

Stats NZ says retail card spending rose 0.3% on a seasonally adjusted basis in February after taking a dip in January

Stats NZ says retail activity as measured by sales volumes saw the first quarterly gain in December since the March 2024 quarter

Stats NZ says retail activity as measured by sales volumes saw the first quarterly gain in December since the March 2024 quarter

Influential RBNZ survey has shown drops in the expectations of the future levels of inflation in a move that will give the central bank comfort ahead of its first Official Cash Rate decision of the year next week

Influential RBNZ survey has shown drops in the expectations of the future levels of inflation in a move that will give the central bank comfort ahead of its first Official Cash Rate decision of the year next week

Stats NZ says retail card spending dropped 1.6% on a seasonally adjusted basis in January after growing strongly in December

Stats NZ says retail card spending dropped 1.6% on a seasonally adjusted basis in January after growing strongly in December

Consumer prices rose 2.2% in 2024 as high interest rates slowed economic activity and falling import costs eased inflation pressures in New Zealand

Consumer prices rose 2.2% in 2024 as high interest rates slowed economic activity and falling import costs eased inflation pressures in New Zealand

Monthly retail spending figures ended the year on a stronger footing after much weakness in spending throughout 2024

Monthly retail spending figures ended the year on a stronger footing after much weakness in spending throughout 2024

Westpac says spending on its credit and debit cards was up just 2% in December compared with the previous year

Westpac says spending on its credit and debit cards was up just 2% in December compared with the previous year

Statistics NZ's Selected Price Indexes show continuing subdued pricing pressures - other than a spike in air fare and accommodation costs that 'coincided' with performances around the country by several global overseas artists

Statistics NZ's Selected Price Indexes show continuing subdued pricing pressures - other than a spike in air fare and accommodation costs that 'coincided' with performances around the country by several global overseas artists

Monthly retail spending figures were flat in November after showing the strongest rise in months in October

Monthly retail spending figures were flat in November after showing the strongest rise in months in October

Statistics NZ's Selected Price Indexes show inflationary pressures are continuing to look subdued following the big rises of the past few years

Statistics NZ's Selected Price Indexes show inflationary pressures are continuing to look subdued following the big rises of the past few years

Monthly retail spending has seen its first year-on-year increase for the first time since February; hospitality industry has biggest monthly rise since November 2023

Monthly retail spending has seen its first year-on-year increase for the first time since February; hospitality industry has biggest monthly rise since November 2023

Economists see the Reserve Bank being wary on inflation and taking a cautious approach to further interest rate cuts next year

Economists see the Reserve Bank being wary on inflation and taking a cautious approach to further interest rate cuts next year

Westpac economists say the change in US administration reinforces their expectations that the RBNZ's approach to monetary policy easing over the New Year will be more cautious

Westpac economists say the change in US administration reinforces their expectations that the RBNZ's approach to monetary policy easing over the New Year will be more cautious