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1 Nov 2024 12:54
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  •   Home > News > Business

    Retail spending continues to fall as the economy weakens

    Retail spending continues to fall as the economy weakens

    15 May 2024
    Stats NZ data for April recorded a 0.7 percent drop in core retail spending, compared to March.

    That's 40 million dollars less spending.

    ASB Senior Economist Mark Smith says the cost of living pressures are driving down non-essential purchases.

    He says people are spending around 70 extra dollars a week on the necessities, so they have less to spend on what they don't need.

    © 2024 Newstalk ZB, NZCity


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