Hey big spenders: NZers still drawn to casinos, clothing and cars

New Zealanders willing to lose more money in a casino than they have been previously. (Photo by Dustin Bowdige on Unsplash)

Dan Brunskill

Fri, 10 Dec 2021

The appetite for big spending is still strong with many planning to buy cars and gamble at casinos hitting record highs despite covid concerns, according to a UBS survey.UBS Evidence Lab surveyed 1,500 New Zealanders in September to track spending trends that may impact consumer-dependent listed companies.Household consumption makes up around 60% of gross domestic product by expenditure and locally listed companies with direct exposure to the sector have a $75 billion market value.The survey found that despite some growing headwinds, domestic s...

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