Total retail spend in NZ for the 28 days ending 28 December 2016 was $4.4 billion. As is expected with Christmas spending, this is a large increase (18.3%) compared to the previous month however spending also increased 4.4% compared to the same period last year.
Retailers rejoice, spending was up across every category year on year and all but two categories (Recreation & Entertainment, and Travel & Accommodation) month on month. The categories showing the greatest increase in year on year spending were Cafés, Restaurants & Bars (+8.2%), Home & Building Supplies (+8.1%), and Liquor Stores (+7.9%).
Categories with the greatest increases in month on month spend were Department Stores (+74.0%), Books & Stationery Stores (+53.3%), and Clothing & Footwear (+47.3%).
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