Shoppers ease up spending

JAMES WEIR
Last updated 11:09 09/04/2014

Relevant offers

Money

Budget Buster: Forget gift cards - give cold, hard cash this Christmas Blowing Bubbles: After the boom, an opening in the Wellington housing market Blowing Bubbles: Inside the auction room of NZ's hottest property market Blowing Bubbles: Cashed-up buyers still out in force at Auckland autions Porirua lawyer who had difficult client wins appeal against censure and costs Bank closure takes suburb by surprise Fraud leaves victims feeling angry and betrayed Worker unpaid for 10 weeks gets missed wages but no compensation Retirement commissioner Diane Maxwell's satirical video mocks 2013 policy failure Blowing Bubbles: That time when house prices fell 75 percentage points in Dublin

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

Comments

Special offers

Featured Promotions

Sponsored Content