Auckland retailers took a 20% hit on flood day

Auckland retailers took a 20% hit on flood day
(Image: Getty)
Staff reporters
Consumer spending in Auckland and Northland on Friday, Jan 27, was down 20.5% compared to the same Friday last year but returned to near or above 2022 levels over the remaining days of the month, Compared to Jan 2022, spending across the whole month fell in the three largest regions, with Auckland down 2.2%, Waikato down 1.6% and Wellington down 3.2% but it rose in the South Island regions of Canterbury (up 1.2%) and Otago (8.2%).The figures, released on Friday, are based on payments data recorded through Core Retail merchants in Worldline...

More Finance

Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Michael Neilson 18 Sep 2025
Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

Staff reporters 18 Sep 2025
Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Oliver Lewis 17 Sep 2025
Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out. 

Andy Macdonald 17 Sep 2025