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

 

Christchurch spending continues to rise

Christchurch spending continues to rise

24 June 2014

Christchurch's retail and hospitality spending continues to outpace that at the national level, Statistics New Zealand said today.

For Christchurch city, after seasonal fluctuations are removed, retail and hospitality sales increased 1.5 percent in the March 2014 quarter. Nationally, sales rose 0.7 percent (see Retail Trade Survey: March 2014 quarter).

"Increased spending in the city over the past year has further widened the gap in growth between Christchurch and the rest of the country," business indicators manager Tehseen Islam said.

Looking at the longer-term picture, the trend for retail and hospitality sales in Christchurch has risen 22 percent since the June 2010 quarter (before the quakes began). This compares with a rise of 15 percent at the national level.

In actual terms, retail and hospitality sales in Christchurch were 8.1 percent higher in the March 2014 quarter than in the same quarter in 2013.

The Christchurch retail trade indicator series is an experimental series that measures activity in the retail and hospitality industries. Statistics NZ releases it to provide information on the state of these industries after the Canterbury earthquakes that began in September 2010. The statistics are provisional because they reflect new methods that may be modified.

For more information about these statistics: Visit Christchurch Retail Trade Indicator: March 2014 quarter

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>

ALSO:

Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO: