Page 7 - Bruce Proffit News Today

Kiwi shoppers appear to be tightening their spending... apart from when it comes to Mum

With April 2023 marking the first full year since Covid restrictions in New Zealand were dropped, consumer spending figures reveal that the annual growth rate is indeed low and weakened even further towards the end of the month. Consumer spending in ...

Scoop Auckland provides news and views from Auckland, New Zealand

Business Scoop provides news and views on Business and Markets from New Zealand

  AUCKLAND, 5 April 2023 – A month relatively uninterrupted by extreme weather events enabled consumers across New Zealand to get out and increase their spending in March, but retail conditions remain challenging, says Worldline NZ. Consumer ...

Cyclone Gabrielle had a “major influence” on spending last month, according to Worldline New Zealand data.
Worldline runs NZ’s largest eftpos network and f

A damp start to the year has flowed through to consumer spending, while weak business confidence is driving down the demand for credit.

Business Scoop provides news and views on Business and Markets from New Zealand

NewdatafrompaymentnetworkcompanyWorldlineshowedNewZealandersBoxingDayspendingreachedrecordheightsthisyear,withconsumersspending$100.5millionatcoreretailmerchants,up2.6percentonlastyear.

While Boxing Day spending reached record heights, it was overshadowed by the amount spent in the lead-up to Christmas.