22nd November 2021 By Staff Reporter | firstname.lastname@example.org | @foodtickernz
Auckland retail spending has rebounded to top pre-Delta levels after Covid restrictions eased across the region, according to Bank of New Zealand.
BNZ said that card spending data released on Friday showed that in the week to Tuesday 16 November at Covid-19 alert level 3 step 2, Auckland expenditure was 27% up on the previous seven days and 7% on pre-Delta levels.
“Retailers had been waiting a long time for the freedoms that alert level 3 step 2 brought, and Aucklanders dusted off their wallets and didn’t disappoint,” BNZ chief economist Paul Conway said.
“It’s great to see this bounce, and we will continue to monitor the situation to see how the run-up to Christmas is affected by the new traffic light system.”
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