Shoppers ease up spending

Last updated 11:09 09/04/2014

Relevant offers


Campaigners call for an end to taxpayers subsidising families which tithe. Taxpayers urged to take refunds into own hands GE becomes Latitude Financial Services after acquisition Investing does not have to be purely for investor's benefit Martin Hawes: KiwiSaver's advice gap Uncle Tobys stung for misleading claims Money can buy happiness, but how much? Beneficiary risk: The new reason to change your will Million-dollar tax fraud lands Taranaki couple behind bars Revealed: The highest paid public servants

Shoppers are taking their foot off the pedal, with shop sales flat in March, as people spent less on fuel and clothes.

After adjusting for usual seasonal changes, total retail spending was unchanged in March, after a 0.8 per cent lift in February, according to Statistics NZ.

Fuel sales fell for the second month in a row, dropping 1.7 per cent, a drop of $13 million.

Clothing sales were down 2.4 per cent, a drop of $7m.

But sales of consumables, including food and drink retailing, were up 0.4 per cent or $6m.

Core retail sales, excluding cars and fuel, were also almost flat, rising just 0.1 per cent.

In unadjusted terms, 119 million transactions were made across all industries in March, with an average value of $52.

The total amount spent across all transactions was $6.2 billion.  

Ad Feedback

- Fairfax Media


Special offers

Featured Promotions

Sponsored Content