Retail sales
[updated]
Statistics NZ’s retail trade survey finds squeezed household budgets caused a 0.5% drop in seasonally adjusted retail sales volumes in the June quarter, the first quarterly fall since December 2024
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Statistics NZ’s retail trade survey finds squeezed household budgets caused a 0.5% drop in seasonally adjusted retail sales volumes in the June quarter, the first quarterly fall since December 2024
Spending on fuel rose in March, but it sucked the retail impulse out of apparel and hospitality, and we used credit cards to do most of that spending
Spending on fuel rose in March, but it sucked the retail impulse out of apparel and hospitality, and we used credit cards to do most of that spending
Kiwis spent more on food and less on other goods in December, while Boxing Day sales were quieter
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Kiwis spent more on food and less on other goods in December, while Boxing Day sales were quieter
Payments network Worldline reports consumer spending picked up in the third week of December, but spending overall continues to remain below year-ago levels so far this pre-Christmas shopping season
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Payments network Worldline reports consumer spending picked up in the third week of December, but spending overall continues to remain below year-ago levels so far this pre-Christmas shopping season
Westpac says spending on its credit and debit cards was up just 2% in December compared with the previous year
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Westpac says spending on its credit and debit cards was up just 2% in December compared with the previous year
New Zealand retail sales down 1.2% in June quarter, extending two-year downward trend in consumer spending
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New Zealand retail sales down 1.2% in June quarter, extending two-year downward trend in consumer spending
New Zealanders are spending like its 2017 as high interest rates sap retail sales volumes
'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
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'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
[updated]
Stats NZ figures show that retail sales volumes have fallen for a third quarter in a row, with figures only propped up somewhat by a surge in motor vehicle sales to beat changes to the Clean Car Discount Scheme
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Stats NZ figures show that retail sales volumes have fallen for a third quarter in a row, with figures only propped up somewhat by a surge in motor vehicle sales to beat changes to the Clean Car Discount Scheme
[updated]
Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter
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Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter
Economists surprised by fall in retail spending in the June quarter, which raises the possibility the country may have gone into a technical recession in the first half of the year
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Economists surprised by fall in retail spending in the June quarter, which raises the possibility the country may have gone into a technical recession in the first half of the year
ANZ-Roy Morgan Consumer Confidence Index shows slight improvement in July
Back to the coffee grind - Worldline’s payment network sees 41% jump in Auckland & Northland hospitality spending in first 7 days of traffic light system
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Back to the coffee grind - Worldline’s payment network sees 41% jump in Auckland & Northland hospitality spending in first 7 days of traffic light system
Super-strong retail sales figures for the March quarter have got economists rethinking their thoughts that the country is experiencing a 'double dip' recession
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Super-strong retail sales figures for the March quarter have got economists rethinking their thoughts that the country is experiencing a 'double dip' recession
Statistics New Zealand says seasonally-adjusted electronic card spending dropped 3.2% in February - and in actual terms was 8.1% lower than in February 2020
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Statistics New Zealand says seasonally-adjusted electronic card spending dropped 3.2% in February - and in actual terms was 8.1% lower than in February 2020