Retail

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

NZIER says QSBO shows the ‘fragile’ economic recovery in June quarter was helped by easing oil crisis, but warns that geopolitical uncertainty and November election will weigh on firms over the coming months

NZIER says QSBO shows the ‘fragile’ economic recovery in June quarter was helped by easing oil crisis, but warns that geopolitical uncertainty and November election will weigh on firms over the coming months

New Zealand’s economy grew 0.8% in the March quarter, with the overall increase in GDP due to manufacturing, business services and wholesale trade

New Zealand’s economy grew 0.8% in the March quarter, with the overall increase in GDP due to manufacturing, business services and wholesale trade

Westpac-McDermott Miller Consumer Confidence Index shows consumer confidence in the June quarter dropped to the lowest level since 2023 due to the Middle East conflict, fuel and living costs

Westpac-McDermott Miller Consumer Confidence Index shows consumer confidence in the June quarter dropped to the lowest level since 2023 due to the Middle East conflict, fuel and living costs

ANZ card spending rose 1.8% in May month-on-month, and 4.8% compared to May 2025, with the bank’s chief economist citing a 'strong' spending lift

ANZ card spending rose 1.8% in May month-on-month, and 4.8% compared to May 2025, with the bank’s chief economist citing a 'strong' spending lift

Middle East war poses risk to NZ’s fragile economic recovery, but there has only been a 'modest lift' in firms raising prices so far, NZIER business confidence survey says

Middle East war poses risk to NZ’s fragile economic recovery, but there has only been a 'modest lift' in firms raising prices so far, NZIER business confidence survey says

New Zealand’s economy grew 0.2% in the December 2025 quarter with rental, hiring and real estate services the largest contributors

New Zealand’s economy grew 0.2% in the December 2025 quarter with rental, hiring and real estate services the largest contributors

December quarter GDP figures due for release in the coming week may prove to be disappointment - which wouldn't provide a helpful background as we face the uncertainties of the Middle East situation

December quarter GDP figures due for release in the coming week may prove to be disappointment - which wouldn't provide a helpful background as we face the uncertainties of the Middle East situation

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

The struggling retailer says its current cost base 'is not sustainable for a value retailer'

The struggling retailer says its current cost base 'is not sustainable for a value retailer'

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'

NZIER says QSBO shows economic recovery starting to take shape with effects of lower interest rates flowing into broader economy. BNZ's Toplis sees 'clear signs' inflationary pressures are rising

NZIER says QSBO shows economic recovery starting to take shape with effects of lower interest rates flowing into broader economy. BNZ's Toplis sees 'clear signs' inflationary pressures are rising

Stats NZ says the 1.1% rise in economic activity in the September 2025 quarter was broad-based, with increases in 14 out of 16 industries

Stats NZ says the 1.1% rise in economic activity in the September 2025 quarter was broad-based, with increases in 14 out of 16 industries