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Record rise in grocery and liquor spending

Record rise in grocery and liquor spending


12 April 2018

Consumers spent more on grocery and liquor (consumables) in March 2018, as retail card spending in the industry rose a record $57 million (2.9 percent), Stats NZ said today. This follows a 0.7 percent fall in February 2018.

The lift in groceries and liquor in March contributed to the rise in total retail card spending in the month, up 1.0 percent, when adjusted for seasonal effects.

“Despite losing a trading day to Good Friday, retail card spending rose in March,” retail manager Sue Chapman said. “The rise was driven by an increase in spending on grocery and liquor retailing, rebounding from a fall in the previous month.”

The dip in February may reflect people hunkering down during two large storms, which hit several parts of the country during the month.

Spending rose across three of the six retail industries. The largest movements were:

• consumables, including grocery and liquor retailing, up $57 million (2.9 percent)

• durables, including hardware, furniture, and appliances, up $15 million (1.2 percent)

• hospitality, including accommodation, bars, cafes, and restaurants, up $14 million (1.4 percent).


Core retail spending (which excludes the vehicle-related industries) rose 1.6 percent in March 2018, after a relatively flat February, up 0.1 percent.

Actual retail spending using electronic cards was $5.5 billion in March 2018, up $315 million (6.0 percent) from March 2017.

Values are only available at the national level, and are not adjusted for price changes.

Authorised by Liz MacPherson, Government Statistician, 12 April 2018.

For more information about these statistics:


• Visit Electronic card transactions: March 2018

• See CSV files for download


ends

© Scoop Media

 
 
 
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