Spending remains 'pretty robust'

Tue, 23 Feb 2021

Seasonally adjusted retail sales volumes fell 2.7% quarter-on-quarter in the December quarter after jumping 28% in the September quarter.Values fell a seasonally adjusted 1.2%, data from Stats NZ showed.“Looking through the noise, the level of spending isn’t out of whack with what you might expect for a solid December quarter. In fact, given global supply chain issues, sales actually look pretty robust,” said ANZ Bank senior economist Miles Workman.Westpac Bank senior economist Satish Ranchhod said the December quarter's d...

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