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20 Feb 2025 8:24
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  •   Home > News > Business

    Consumer spending growth in 2024 was the slowest it's been in half a decade

    Consumer spending growth in 2024 was the slowest it's been in half a decade


    Wordline's annual figures show core retailers, excluding hospitality, reached 36.3 billion-dollars last year.

    That's up 0.8 percent on 2023.

    While the number of transactions increased, the average size declined by 0.6 percent - to just over 50-dollars.

    Chief sales officer Bruce Proffit says the low growth confirms how tough the retail environment was last year.

    © 2025 Newstalk ZB, NZCity

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     19 Feb: Meridian Energy's reached an agreement to purchase NZ Windfarms Limited
     19 Feb: House prices are continuing to fall, but some parts of the country keep bucking the trend
     19 Feb: Anticipation's building in the property market, with expectations the Official Cash Rate will be shaved by another 50-points today
     19 Feb: Canterbury continues to buck national property trends
     Top Stories

    RUGBY RUGBY
    All Blacks Cortez Ratima and Samipeni Finau will remain as reserves for the Chiefs as they prepare to host the Crusaders in Super Rugby tomorrow More...


    BUSINESS BUSINESS
    Pressure is mounting on banks, to pass OCR cuts onto their customers More...



     Today's News

    Soccer:
    The duel between English Premier League strikers Chris Wood and Erling Haaland is set for an international chapter 8:17

    Politics:
    Palmerston North City Council's apologised after accidentally charging some ratepayers twice 8:17

    Business:
    Pressure is mounting on banks, to pass OCR cuts onto their customers 8:07

    International:
    Donald Trump describes Volodymyr Zelenskyy as a 'dictator' who's 'doing a terrible job' in social post 7:57

    Law and Order:
    Police say cannabis was being grown in a home significantly damaged by fire in West Auckland 7:57

    Entertainment:
    Dua Lipa has celebrated the third anniversary of her global editorial platform Service95 7:54

    Rugby:
    All Blacks Cortez Ratima and Samipeni Finau will remain as reserves for the Chiefs as they prepare to host the Crusaders in Super Rugby tomorrow 7:37

    International:
    Australia and Papua New Guinea to begin negotiations on new defence treaty 7:27

    Law and Order:
    Queenstown locals are slamming the 'gross behaviour' of freedom campers - including using roadsides as toilets, and bathing in Lake Wakatipu 7:27

    Entertainment:
    'Conclave' was named Best Film at the EE BAFTA Film Awards 7:24


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