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

 


Household expenditure and income increases

Household expenditure and income increases

28 November 2013

Increased spending on food, transport, and housing and household utilities means Kiwi households are spending more now than three years ago, Statistics New Zealand said today.

Results from the latest three-yearly Household Economic Survey (HES) show that average weekly household expenditure increased 9.1 percent, to $1,111, between 30 June 2010 and 30 June 2013.

Over this three-year period, there was an 11.5 percent rise in average annual household income, up from $76,733 to reach $85,588 in 2013.

“Both income and spending have risen over the last three years, and Kiwi households continue to spend most on food, and housing and household utilities,” standard of living acting manager Ian McGregor said.

The results released today show that average weekly household expenditure on:
• transport rose – from $131 to $158, with higher spending on petrol
• housing and household utilities rose – from $252 to $273, including an increase in spending on rates
• food rose – from $178 to $193, including more spending on fruit and vegetables.

This is the 40th year of the HES. Collection began in 1973, and since then the HES has been measuring how the spending habits of New Zealanders have shifted.

For more information about these statistics: Household Economic Survey: Year ended June 2013

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Leighton-Led WGP To Build, Manage Transmission Gully

The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, has won the $1 billion contract to build the Transmission Gully road north of Wellington. More>>

ALSO:

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news