Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Little Change in Spending

Household Economic Survey: Year ended 30 June 2001

Little Change in Spending

The 2000/01 Household Economic Survey results from Statistics New Zealand showed that since 1997/98 average household spending has risen 2.5 percent to $758 per week.

Housing continued to be the most significant item of household expenditure, accounting for 24 cents in every dollar spent in 2000/01. Health, education, finance and other services accounted for 17 cents in the dollar, 16 cents went on food, and another 16 cents went on transportation. Thirteen cents went on household operation, 11 cents was spent on books, tobacco, computers and other personal items, while clothing and footwear took three cents.

Food expenditure rose the most, up 9 percent from $114 per week in 1997/98 to $125 per week in 2000/01. Meals away from home and ready-to-eat foods accounted for 23 percent of all food expenditure.

The last three years have seen considerable growth in the number of households having mobile phones and computers. Fifty-eight percent of households had at least one mobile phone, up from the 22 percent that had one in 1997/98. Forty-seven percent of households had a home computer, up from the 32 percent that had one in 1997/98.

Computer and mobile phone ownership rates increase with income. Seventy-six percent of households with annual income of $76,700 and over had a home computer, compared to 21 percent of households with income below $20,700. Eighty-five percent of households with income of $76,700 and over had at least one mobile phone while only 31 percent of households with income below $20,700 had one.

Brian Pink Government Statistician END

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news