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Shoppers ease up spending

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

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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.  

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- Fairfax Media

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