Kiwis spend more than expected in September

Fri, 11 Oct 2019

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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