Retail

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

Economists don't see the upside surprise to the latest quarterly GDP figures as derailing likely Official Cash Rate cuts in each of the next two RBNZ reviews - but beyond that there's question marks over what comes next

Economists don't see the upside surprise to the latest quarterly GDP figures as derailing likely Official Cash Rate cuts in each of the next two RBNZ reviews - but beyond that there's question marks over what comes next

After plunging in the previous two quarters, GDP grew a better-than expected 0.7% in the December quarter; figures 'a genuine upside surprise'

After plunging in the previous two quarters, GDP grew a better-than expected 0.7% in the December quarter; figures 'a genuine upside surprise'

NZIER's latest consensus of economic forecasts shows that while economic growth is expected to rise above 2% by this time next year, economists see GDP only growing 2.6% by the March 2028 year

NZIER's latest consensus of economic forecasts shows that while economic growth is expected to rise above 2% by this time next year, economists see GDP only growing 2.6% by the March 2028 year

After plunging in the previous two quarters, GDP likely returned to positive growth for the December quarter, but the growth's looking pretty subdued so far

After plunging in the previous two quarters, GDP likely returned to positive growth for the December quarter, but the growth's looking pretty subdued so far

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 figures show that manufacturing and wholesale sale figures flipped into positive territory in the December quarter after both going backwards in the September quarter; meat and dairy were strong contributors

Stats NZ figures show that manufacturing and wholesale sale figures flipped into positive territory in the December quarter after both going backwards in the September quarter; meat and dairy were strong contributors

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

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

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

NZIER's latest quarterly consensus forecasts see higher household spending on the back of interest rate falls, but GDP growth forecasts are virtually unchanged from the previous quarter

NZIER's latest quarterly consensus forecasts see higher household spending on the back of interest rate falls, but GDP growth forecasts are virtually unchanged from the previous quarter

David Hargreaves examines the upcoming GDP figures, likely to show our economy having contracted for five out of the last eight quarters

David Hargreaves examines the upcoming GDP figures, likely to show our economy having contracted for five out of the last eight quarters

David Hargreaves examines the prospects for a New Year that appears to offer a lot - but in both potentially good and bad ways

David Hargreaves examines the prospects for a New Year that appears to offer a lot - but in both potentially good and bad ways

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