Auckland.Scoop » Pre-Christmas Spending Build Up Begins, But Patterns Are Mixed Across Retail Sectors
Scoop Auckland provides news and views from Auckland, New Zealand
Stay updated with breaking news from Core Retail. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Scoop Auckland provides news and views from Auckland, New Zealand
Scoop Auckland provides news and views from Auckland, New Zealand
Business Scoop provides news and views on Business and Markets from New Zealand
AUCKLAND, 3 November 2023 – Consumer spending data released by Worldline today shows annual spending growth continued to be weak in the first two weeks of October and remained so in the last two weeks of the month following the 14 October general ...
U.S. retail sales in September exceeded expectations, rising 0.7% due to increased purchases of motor vehicles and spending at restaurants and bars. The August sales figures were also revised higher to show a 0.8% increase. However, rising interest rates have led to a spike in credit card delinquencies, and consumers are relying more on credit cards to make purchases. Despite this, consumer spending remains strong due to a tight labor market, with the economy adding 336,000 jobs in September.