Times tight in Auckland as NZ spending growth slows

Rising petrol prices and interest rates continue to sting. (Image: Getty)

Wed, 04 Oct 2023

New data from Worldline shows that most New Zealanders continue to feel the squeeze as the country remains buffeted by the global winds of inflation.Consumer spending in September on Worldline's network through non-hospitality core merchants, which excludes fuel and vehicles and parts, was up 2.8% from the same month the year prior and up 21% from 2019.The payment processing company’s NZ chief executive, Bruce Proffit, said the soft growth could be due to bad weather and the timing of the school holiday, as well as a “pre-e...

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