Christmas retail spending
Latest card spending data from the country's biggest bank shows that annual growth has fallen below 1%, suggesting sales volumes are still falling
15th Jul 24, 2:16pm
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Latest card spending data from the country's biggest bank shows that annual growth has fallen below 1%, suggesting sales volumes are still falling
It's official: The wallets are being slammed shut. Electronic card transactions data from Statistics NZ shows that retail sales figures - which are not adjusted for inflation - are below the levels of a year ago
13th Jun 24, 11:53am
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It's official: The wallets are being slammed shut. Electronic card transactions data from Statistics NZ shows that retail sales figures - which are not adjusted for inflation - are below the levels of a year ago
Latest spending data from the country's biggest bank highlights the extent to which Kiwis have put their wallets away as rising costs and higher interest rates have taken their toll
11th Jun 24, 11:36am
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Latest spending data from the country's biggest bank highlights the extent to which Kiwis have put their wallets away as rising costs and higher interest rates have taken their toll
[updated]
Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
23rd May 24, 12:16pm
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Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
Stats NZ figures show retail card spending fell for the third consecutive month on a seasonally adjusted basis
14th May 24, 11:55am
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Stats NZ figures show retail card spending fell for the third consecutive month on a seasonally adjusted basis
Stats NZ figures show that retail card spending fell a seasonally-adjusted 1.8% in February after a bounce in activity in January
12th Mar 24, 11:49am
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Stats NZ figures show that retail card spending fell a seasonally-adjusted 1.8% in February after a bounce in activity in January
Westpac says its customers are spending just 3.4% more than a year ago, while the population has grown 2.8% and retail prices have increased about 4%; customers with mortgages particularly spending less
27th Feb 24, 11:45am
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Westpac says its customers are spending just 3.4% more than a year ago, while the population has grown 2.8% and retail prices have increased about 4%; customers with mortgages particularly spending less
Stats NZ figures show that retail card spending fell a seasonally-adjusted 2.0% in December
17th Jan 24, 12:23pm
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Stats NZ figures show that retail card spending fell a seasonally-adjusted 2.0% in December
[updated]
Stats NZ figures show that total card spending fell by 0.3% in October, while retail spending dropped by 0.7%; 'the softness in spending is notable as it comes as population growth is continuing to surge'
15th Nov 23, 11:16am
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Stats NZ figures show that total card spending fell by 0.3% in October, while retail spending dropped by 0.7%; 'the softness in spending is notable as it comes as population growth is continuing to surge'
[updated]
Stats NZ figures show that total card spending rose by 0.9% in August, reversing a drop of the same magnitude in July. However, spending on consumable and durable goods was down
12th Sep 23, 11:20am
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Stats NZ figures show that total card spending rose by 0.9% in August, reversing a drop of the same magnitude in July. However, spending on consumable and durable goods was down
[updated]
Stats NZ figures show that total card spending fell by 0.9% in July, reversing some of the gains made in June when there was a rush of fuel spending to beat the excise duty rise
9th Aug 23, 11:30am
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Stats NZ figures show that total card spending fell by 0.9% in July, reversing some of the gains made in June when there was a rush of fuel spending to beat the excise duty rise
Stats NZ figures show that total card spending rose by 1.3% in June, with a big surge in fuel spending as the excise duty cut ended being a big factor
13th Jul 23, 11:17am
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Stats NZ figures show that total card spending rose by 1.3% in June, with a big surge in fuel spending as the excise duty cut ended being a big factor
[updated]
Stats NZ figures show that total card spending fell by 1.9% in May, with only one industry seeing a rise; spending 'much weaker than expected' in the month; consumer spending likely to 'remain soggy' over the second half of the year
12th Jun 23, 11:23am
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Stats NZ figures show that total card spending fell by 1.9% in May, with only one industry seeing a rise; spending 'much weaker than expected' in the month; consumer spending likely to 'remain soggy' over the second half of the year
[updated]
Stats NZ figures show that total card spending rose 1% after seasonal adjustment in April, following a big 3.1% rise in March
9th May 23, 11:13am
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Stats NZ figures show that total card spending rose 1% after seasonal adjustment in April, following a big 3.1% rise in March
Retail card spending rose 0.7% in March despite tightening Reserve Bank monetary policy
12th Apr 23, 12:49pm
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Retail card spending rose 0.7% in March despite tightening Reserve Bank monetary policy
Centrix questions if we are facing the next great credit crunch, as borrowers face more hoops to jump through
2nd Feb 22, 1:20pm
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Centrix questions if we are facing the next great credit crunch, as borrowers face more hoops to jump through
Christmas, the summer holidays and now 'back to school' align for some potential buy-now-pay-later pitfalls
1st Feb 22, 4:29pm
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Christmas, the summer holidays and now 'back to school' align for some potential buy-now-pay-later pitfalls
Wider range of services opening in December, coupled with Christmas rush, boosts card spending by $157 million on previous month, Statistics NZ data shows
19th Jan 22, 3:13pm
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Wider range of services opening in December, coupled with Christmas rush, boosts card spending by $157 million on previous month, Statistics NZ data shows
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
13th Dec 21, 5:56pm
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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
BusinessDesk: NZ consumer confidence tumbles in fourth quarter, signalling ho-hum Christmas
19th Dec 11, 10:53am
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BusinessDesk: NZ consumer confidence tumbles in fourth quarter, signalling ho-hum Christmas
90 seconds at 9 am with BNZ; Euro crisis deepens; bond risks wane; good car sales; Qantas raid
11th Jan 11, 8:39am
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90 seconds at 9 am with BNZ; Euro crisis deepens; bond risks wane; good car sales; Qantas raid