Retail spending flattens off in December

Retail card spending increased slightly in December. (Image: Deposit Photos)

Wed, 19 Jan 2022

Retail card spending was up slightly in December but still below levels in winter before the delta outbreak.On a seasonally-adjusted basis, total retail spending lifted $23 million in December compared to November, or a month-on-on-month increase of 0.4%.The rate of growth has swung to either extreme as the country has bounced in and out of lockdown, but has averaged a 0.26% monthly increase since the beginning of 2020.Fuel was the industry with the largest month-on-month increase in December (up 4.2%) as many Aucklanders filled their tanks and...

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