NZ consumers remain in good heart

Mon, 12 Jul 2021

Consumers remain in good heart, with overall electronic card spending coming in stronger than economists expected.“June’s increase adds to the picture of strong demand through the middle part of the year. In fact, looking at the June quarter as a whole, retail spending levels are up a stonking 5.7%,” said Westpac Bank senior economist Satish Ranchhod.Total retail spending was up 0.9% or $54 million, stronger than the 0.2% forecast by Westpac Bank. Seasonally adjusted core electronic card transactions – which do not...

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