News | Business
10 Dec 2024 9:38
| outlook hotmail | yahoo mail | gmail | news | weather | finance | shopping | about nzcity | Search |
NZCity News
NZCity CalculatorReturn to NZCity
SEARCH 

  • Start Page
  • Personalise
    •    News
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

    •
      Home > News > Business

    Migration, mortgages and tourism trends are continuing to hit the retail sector

    Migration, mortgages and tourism trends are continuing to hit the retail sector


    Latest Stats NZ figures show card spending was down 1.1 percent in October, and 5.6 percent in September, compared to the same months last year.

    Spending isn't expected to pick until next year.

    ASB Chief Economist Nick Tuffley says high mortgage rates will limit Christmas spending.

    Tuffley says slowing migration and flattening tourism arrivals mean we aren't getting the same momentum of people walking around and spending.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     10 Dec: Employers are in favour of ACT's plan to allow them to withhold pay for workers on partial strikes
     09 Dec: The Finance Minister claims New Zealanders want to see the Government focusing on the economy
     09 Dec: Taylor Swift's Eras Tour has ended. These numbers show its impact
     09 Dec: Maketu Pies has been saved from closure for the second time in five years
     09 Dec: The long-serving Kiwi global boss of ANZ banking group is stepping down
     09 Dec: A mortgage broker says they've never seen so many borrowers on short-term rates
     09 Dec: Changes to insulation rules aim to cut upfront building costs - and give designers more choice
     Top Stories

    RUGBY RUGBY
    Hamilton will welcome the All Blacks to town for the first time in three years next year More...

    BUSINESS BUSINESS
    Employers are in favour of ACT's plan to allow them to withhold pay for workers on partial strikes More...


     Today's News

    		 Living & Travel:
    Air New Zealand's boss says too many of their flights are being cancelled 9:37

     Rugby:
    Hamilton will welcome the All Blacks to town for the first time in three years next year 9:27

     Golf:
    2023 winner Brendan Jones has signed on for next year's New Zealand golf Open in Queenstown 9:27

     Entertainment:
    Eddie Murphy is making Martin Lawrence pay for their kids' wedding day 9:24

     Health & Safety:
    'Person of interest' questioned over New York killing of UnitedHealthcare CEO Brian Thompson 9:07

     Entertainment:
    Travis Kelce is said to be intent on making Taylor Swift's 35th birthday "extra special" 8:54

     National:
    How the loss of its Mediterranean naval base in Syria would weaken Russia as a global power 8:27

     Entertainment:
    Yoko Ono has "never moved on" from her relationship with John Lennon 8:24

     National:
    India is the new China – NZ needs to see the bigger picture in trade negotiations 8:17

     National:
    What Syria’s rebel takeover means for the region’s major players: Turkey, Iran and Russia 8:07

     News Search




    Power Search

    © 2024 New Zealand City Ltd