22nd February 2024 Data / Exports
The value of exports of milk powder, butter, and cheese fell to $1.8bn in January 2024, down 3.6% compared to the same month last year.
Sales volumes as supermarket and grocery stores lifted 1.7% to $6.68bn in the September 2023 quarter compared with the June 2023 quarter, according to Stats NZ’s latest retail trade survey.
Goods exports increased $773m to $18.2b in the June 2023 quarter driven by dairy products, meat, and fish, according to Stats NZ’s latest balance of payments data.
The impact of extreme weather on the fresh category starts to show, with the price of tomatoes jumping 117%.
New Zealand’s goods exports rose to $5.5bn in January 2023, up 14% compared to the same month last year, according to Stats NZ.
It’s the second month in a row of negative unit sales even with inflation pushing more dollars through tills.
Job advertisements for hospitality and tourism roles have jumped 14% in May 2022, compared to April, according to SEEK New Zealand.
The amount of money passing through grocery tills was up again in May, although fewer goods were sold and private label sales gained market share as consumers took action on inflation, according to IRI.
Beef cattle numbers increased in 2021, while the number of sheep dipped slightly, according to Stats NZ.
But rising costs are forcing consumers to re-think how they spend, says IRI.
IRI’s Grocery Market Overview attributes price rises as the major driver behind February’s 5.8% increase in sales value.
Hospitality venues continue to feel the pressure of Omicron with a 10% drop in card spending last month.
Consumers are shifting from the middle ground and becoming more adventurous.
Retail card spending in New Zealand fell 19.8% in August compared with July reflecting reduced spending as the country went into lockdown mid-month, according to Stats NZ.
The value of NZ exports continues to climb hitting a new high of $6bn in June this year.
Core retail spend has been consistently above 2019 and 2020 in recent months coming in at $10.9bn in the June quarter, according to Paymark.
Did a global pandemic end Nestlé’s reign at the top of the international F&B power list?
Retail card spending was stable in November rising just 1.4% or $85m to $6.25bn.
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