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Quarterly retail figures rise for the first time since late 2021 but the immediate future still looks glum

Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023

Westpac ranchhodSatish ranchhodKim mundyReserve bankOfficial cash rateMiles workman

Spending weak over March as Kiwis watch their wallets

The Easter bunny didn’t bring much good news for retailers in March, with spending remaining weak as Kiwis grapple with tight budgets, according to.

Anz roy morganBruce proffitWestpac ranchhodSatish ranchhodEaster mondayEaster thursdayChristmas dayGood fridayEaster sundayRoy morganReserve bank

Food prices rise at slowest annual pace since May 2021

Stats NZ says food prices fell 0.6% in February, while rent increases showed signs of stabilising and domestic airfares went up again; economists see 'upside risks' to March quarter inflation figures

New zealandWestpac ranchhodSharon zollnerHenry russellSatish ranchhodTaylor swiftBank monetary policy committeeSelected price indexesConsumers price indexWill bellReserve bankFebruary monetary policyMonetary policy committeeOfficial cash rateMonetary policy statement

Retail spending slump resumes - Spending appetites are flagging

Stats NZ figures show that retail card spending fell a seasonally-adjusted 1.8% in February after a bounce in activity in January

New zealandNew zealanderNew zealandersMark smithSatish ranchhodWestpac ranchhod

Building consents falling fast as construction sector cools

Headline number falls but still well above historic levels, Stats NZ says.

New zealand generalNew zealandAnna howeWestpac ranchhodSatish ranchhod

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