Shoppers ease up spending

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

Relevant offers

Money

NZ real estate listings get Chinese translation on sites like Hougarden.com Kiwis 'drowning in housing debt', Labour says after Statistics NZ figures Peer-to-peer marketplace Harmoney makes it easier for ordinary folk to turn lender Saving for a solid retirement isn't as hard as many KiwiSavers think House to sell at online auction with $1 reserve Beware 'heat not burn' tobacco devices, e-cigarette seller warns Ministry of Health Kiws feel wealthier and spending more as property values increase Review your insurances regularly When it comes to buying property, beware the Bridget Jones effect Tower refunding customers whose discounts weren't correctly calculated

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