retail spending

Westpac NZ’s September card spending shows a 1.4% monthly increase and a 7.7% annual increase in retail activity driven by soaring fuel costs

Westpac NZ’s September card spending shows a 1.4% monthly increase and a 7.7% annual increase in retail activity driven by soaring fuel costs

August’s electronic card data shows NZ retail spending dropped by over $200 million compared to July

August’s electronic card data shows NZ retail spending dropped by over $200 million compared to July

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

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

Westpac says retail spending scored a 2% gain in July as the FIFA World Cup drove up hospitality spending, but fuel prices continue to keep household budgets offside

Westpac says retail spending scored a 2% gain in July as the FIFA World Cup drove up hospitality spending, but fuel prices continue to keep household budgets offside

Electronic card spending took a dive in June, with Westpac expecting retail spending levels to rise ‘only gradually’ in the coming months

Electronic card spending took a dive in June, with Westpac expecting retail spending levels to rise ‘only gradually’ in the coming months

Stats NZ reports that spending on discretionary items helped drive the $239 million seasonally-adjusted rise in sales volumes in the December quarter

Stats NZ reports that spending on discretionary items helped drive the $239 million seasonally-adjusted rise in sales volumes in the December quarter

Retail NZ says while there is slightly more willingness by households to pull out the wallet, 'shoppers are remaining cautious about how much they are spending'

Retail NZ says while there is slightly more willingness by households to pull out the wallet, 'shoppers are remaining cautious about how much they are spending'

Westpac senior economist Satish Ranchhod says there's been an encouraging lift in discretionary spending, with particularly large increases in spending in the hospitality sector, as well as increased sales of furnishings and other household durables

Westpac senior economist Satish Ranchhod says there's been an encouraging lift in discretionary spending, with particularly large increases in spending in the hospitality sector, as well as increased sales of furnishings and other household durables

Retail NZ says the Black Friday-led surge in sales in November did not continue into December and believes retailers will 'be bracing for a possible rocky few months ahead of them'

Retail NZ says the Black Friday-led surge in sales in November did not continue into December and believes retailers will 'be bracing for a possible rocky few months ahead of them'

Stats NZ reports a $472 million inflation-adjusted, seasonally-adjusted increase in volume of retail sales in September quarter with the increase dominated by rises in electronic goods and motor vehicle sales

Stats NZ reports a $472 million inflation-adjusted, seasonally-adjusted increase in volume of retail sales in September quarter with the increase dominated by rises in electronic goods and motor vehicle sales

Electronic cards data for October shows that apart from rises in fuel and consumables spending, seasonally adjusted retail spending was on a downward path again

Electronic cards data for October shows that apart from rises in fuel and consumables spending, seasonally adjusted retail spending was on a downward path again

Westpac NZ CEO Catherine McGrath 'ever hopeful' capital requirements will reduce, reflects on customers' 'really prudent behaviour'

Westpac NZ CEO Catherine McGrath 'ever hopeful' capital requirements will reduce, reflects on customers' 'really prudent behaviour'

Electronic cards data for September shows that after three consecutive months of gains, seasonally adjusted retail spending fell again

Electronic cards data for September shows that after three consecutive months of gains, seasonally adjusted retail spending fell again

An unexpected rise in retail sales activity for the June quarter suggests 'there may be life in the old economy yet'

An unexpected rise in retail sales activity for the June quarter suggests 'there may be life in the old economy yet'

Electronic cards data for July shows that seasonally adjusted retail spending rose for the second consecutive month, with gains in hospitality and consumables somewhat offset by continued weakness in durables and apparel

Electronic cards data for July shows that seasonally adjusted retail spending rose for the second consecutive month, with gains in hospitality and consumables somewhat offset by continued weakness in durables and apparel