Bad news for the South Island, in new Easter Paymark figures
Bad news for the South Island, in new Easter Paymark figures 3 May 2021
Figures compared to Easter 2019 show pre-Covid spending at Core Retail merchants in the South were just over one percent higher than 2019 levels but in the North Island, that was up more than six percent.
In Southland, spending was down two percent annually when compared to 2019 and it Otago it dropped 6.5 percent.
And Wairarapa s come out on top with spending more than 15 percent up on Easter 2019.
Underlying spending excludes large clients
moving to or from
Paymark
Figure 1: All
Cards NZ underlying spending through Paymark for core retail
merchants by region around Easter ( Underlying spending
excludes large clients moving to or from
Paymark)
Looking back at spending patterns through
Paymark over the last 12 months, the impact on spending has
been understandably mixed since the first Covid-19 lockdown
in March 2020. There was the sharp drop in total spending
through Paymark in April 2020 for all Core Retail merchants
with the exception of supermarkets. Come June 2020, the Core
Retail group, now with the exception of Accommodation
merchants, tracked around 7% above 2019 levels for the rest
Underlying spending excludes large clients moving to or from Paymark
Figure 1: All Cards NZ underlying spending through Paymark for core retail merchants by region around Easter ( Underlying spending excludes large clients moving to or from Paymark)
Looking back at spending patterns through Paymark over the last 12 months, the impact on spending has been understandably mixed since the first Covid-19 lockdown in March 2020. There was the sharp drop in total spending through Paymark in April 2020 for all Core Retail merchants with the exception of supermarkets. Come June 2020, the Core Retail group, now with the exception of Accommodation merchants, tracked around 7% above 2019 levels for the rest of the year. Meanwhile spending at Accommodation merchants remained well below 2019 levels.
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