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


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


© Scoop Media

Business Headlines | Sci-Tech Headlines


Land Report: Issues With Soil Degradation

An environmental report released today has found we are damaging and losing our soils and our native plants and animals. More>>


Water Quality Report: Cause For Optimism

National River Water Quality Trends released by Land, Air, Water Aotearoa (LAWA) this week, reveal that for all river water quality parameters monitored over a 10 year period, more sites were improving than deteriorating. More>>


IMF Report On NZ: Positive Economic Outlook

Minister of Finance Grant Robertson has welcomed the IMF’s Concluding Statement, released following its annual visit, which provides an independent assessment of the strength of the New Zealand economy. More>>


Retail Power Price: Review Panel Named

The Energy and Resources Minister Megan Woods has released the details of who will sit on an expert advisory panel which is tasked with leading a review into the price of electricity in New Zealand. More>>


Increasingly Disruptive Threats: Govt Cyber Security Refresh

Broadcasting, Communications and Digital Media Minister Clare Curran today announced a comprehensive refresh of New Zealand’s approach to cyber security. More>>


Regional Growth: Action Plan To Modernise Taranaki’s Economy

The Provincial Growth Fund (PGF) will invest up to $20 million to help future-proof the Taranaki region by diversifying its economy, creating additional jobs and leveraging off the strong base the region has established through its oil, gas and agricultural ... More>>


Winding Down Irrigation: Funding Ends For Crown Irrigation Investment

The Government has begun winding down public funding for large-scale irrigation through Crown Irrigation Investments Limited (CIIL), in line with the Coalition Agreement and the Confidence & Supply Agreement. More>>