28th November 2023 Spend / Worldline
Black Friday in-store retail sales were again popular in 2023, but spending was down on last year, both on the day and over the seven-day period, according to Worldline New Zealand.
Spending in cafes and restaurants weakened over October 2023, according to Worldline.
Card spending in the hospitality industry rose to $1.18bn in May 2023, up 7.6% compared with the same month last year, according to Stats NZ.
Retail sales continued to increase in April, with a 0.7% rise for the month, similar to last month, according to Stats NZ.
Retail card spending rose 0.7% in the March 2023 month compared with February 2023, when adjusted for seasonal effects, according to Stats NZ.
Retail card spending remained flat at $6.6bn in February 2023 – the same as January 2023, when adjusted for seasonal effects – according to Stats NZ.
Consumers are planning to spend less across the board apart from on groceries, according to the latest sentiment survey from former BNZ chief economist Tony Alexander.
February’s extreme weather events had a major influence on consumer spending in affected regions across the month, according to figures released today by Worldline NZ.
The stormy weather that occurred across the North Island led to a drop in consumer spending in several regions but a weakening pattern suggests wider economic factors are also at play, according to Worldline New Zealand.
International visitors in New Zealand spent $72.7m dollars on food and beverage in November 2022, according to the government’s latest tourism expenditure data.
Retail card spending fell $166m or 2.5% in December 2022 compared with November 2022, when adjusted for seasonal effects, according to Stats NZ said today.
Black Friday spending was down on last year, offering a cautionary note ahead of the expected busier Christmas shopping period to come, according to payments service company Worldline.
Retail card spending rose 1.4% in September 2022, when adjusted for seasonal effects, Stats NZ said.
Retail card spending rose $55m or 0.9% in August 2022 compared with July, when adjusted for seasonal effects, according to Stats NZ.
Spend in the hospitality industry reached $1.15bn in August 2022, up 78.2% from $646m during the same month last year, according to Stats NZ.
Consumer spending through Worldline New Zealand’s payments network was $2.83bn in August 2022, up 14% on the same month last year, excluding hospitality.
Electronic card spending in the hospitality industry reached $1.9bn during July 2022, up from almost $1.1bn in the preceding month of June, according to Stats NZ data.
Consumer spend is improving in merchant groups including convenience stores and takeaway merchants, but it still remains below pre-Covid levels, according to Worldline.
Retail card spending was stable in June rising just 0.1% or $5m to $6,38bn compared with the previous month.
As several changes to New Zealand’s border rules came into effect in March, spending in the hospitality sector rose gradually but steadily across the nation to reach $700m, according to Worldline.
Hospitality venues continue to feel the pressure of Omicron with a 10% drop in card spending last month.
Auckland retail spending has rebounded to top pre-Delta levels after Covid restrictions eased across the region, according to Bank of New Zealand.
New Zealanders spent 9.5% more on their credit and debit card in October 2021 than in September as Covid-19 alert levels eased across large parts of the country, however the increase did not benefit the grocery sector, according to Stats NZ.
The easing of Covid-19 alert levels everywhere apart from Auckland saw retail card spending edge up 0.9% or $45m compared with August to hit $5.15bn, according to Stats NZ.
Nationwide average retail spending was down by at least 15% in August and down by 16% in September, according to Retail New Zealand’s latest Retail Radar report.
Card spending across the country rebounded to just 5% below pre-lockdown levels in the week to Tuesday 28 September – the first full week of Covid-19 alert level 3.
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.
Supermarkets saw the biggest rise in Kiwi spending in June 2021 as wild weather drove people to stock up and stay indoors, according to Stats NZ.
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.
Seasonally adjusted card spending rose by $189m or 2.3% between April 2021 and May 2021, with consumables rising 40%.
Higher retail spending on electronic items and outdoor recreational goods this summer helped boost overall spending in the March 2021 quarter, according to Stats NZ.
The Government is set to introduce new legislation to restrict merchant fees, in a move which could save businesses up to $74m each year.
Spending at supermarkets and grocery stores contracted in April falling $278m on the same time last year to $1.8bn, according to Stats NZ .
Spending over the Easter period more than doubled compared to the same period of last year, although growth in the North Island outstripped the South Island.
Spending on grocery and liquor in March was down 3.3%, or $74m, from February 2021 levels, according to Stats NZ.
Spending on food fell in February 2021 due to Covid-19 restrictions, says Stats NZ.
Retail card spending was stable in November rising just 1.4% or $85m to $6.25bn.
Supermarket and grocery store spending in October 2020 increased by $137m, or 7.8%, compared to the same month last year.
Economic activity across Auckland and the country has bounced back to levels experienced under Covid-19 alert level 1, says finance minister Grant Robertson.