Worldline data shows four months of ‘slow spending growth’

Spending at core retail merchants, excluding hospitality, through Worldline for July 2023 was up by 4.3% over the same month last year, reaching just under $2.92 billion.Worldline's New Zealand chief sales officer, Bruce Proffit, said that while the Matariki public holiday and school holidays did account for a slight lift, the number represents four months of slow spending growth.“While it is promising that the petrol price hike early in the month did not temper the overall spending momentum in July, spending amongst non-food merchant...