Economic weather report: Why retail spending seems to be picking up, but cafe sales are weak

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Bernard Hickey details an economic weather report in association with ASB, including a look at a chart showing how retail spending is pulling out of its trough, partly because appliance sales are strengthening as the housing market picks up and interest rates are low. He also looks at how sales growth to cafes and restaurants has been sliding for a couple of years. Here is the interactive chart on retail sales and its various components, including appliance, department store and cafe/restaurant sales. https://www.interest.co.nz/charts/gallery6-30.asp