Total retail spend in NZ for the 28 days ending 28 January 2017 was $3.5 billion. As is expected coming down from Christmas spending, this is a large decrease (-19.6%) compared to the previous month however spending did increase by 4.2% compared to the same period last year.
Spending was up across all but two categories year on year. The categories showing the greatest increase in spending were Travel & Accommodation (+9.9%), Fuel & Service Stations (+9.4%) and Liquor Stores (+7.7%). Health Goods & Services (-0.6%) and Furniture, Appliance & Electronics (-0.2%) were the only two categories to show a year on year decrease in spend.
Travel & Accommodation was the only category to experience an increase in month on month spending, increasing by 39.8%. Categories with the greatest decreases in month on month spend were Department Stores (-54.0%) and Furniture, Appliances & Electronics (-40.0%).
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