Kiwis spend more than expected in September

Kiwis spend more than expected in September
Rebecca Howard
New Zealanders are still opening their wallets although wet weather dampened some enthusiasm for spring clothing.  Seasonally adjusted electronic card spending lifted 0.4 percent in September after a 1.2 percent rise in August, Stats NZ said. Economists polled by Bloomberg had expected a lift of 0.2 percent.  Core retail spending, excluding fuel and vehicle purchases, rose 0.6 percent after increasing 1.4 percent in August. "After some very sluggish spending growth in the first half of the year, we may now be seeing the early signs of...

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Economy

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Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024