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


Card spending on grocery and liquor strong

Card spending on grocery and liquor strong in the March 2018 quarter

12 April 2018

Consumer spending on groceries and liquor rose at its fastest pace in more than seven years in the March 2018 quarter, up 2.2 percent, Stats NZ said today.

Total retail card spending was up 1.8 percent in the March 2018 quarter when adjusted for seasonal effects, after a 1.5 percent rise in the December 2017 quarter.

Spending rose across all six of the retail industries in the March quarter. The largest rises came from the consumables (grocery and liquor retailing) industry, up $125 million (2.2 percent) and the hospitality industry, up $87 million (2.9 percent).

“The rise in retail card spending in the March quarter was driven by an increase in grocery and liquor spending,” retail manager Sue Chapman said. “This was the largest increase in grocery and liquor retailing since December 2010 and coincided with a record increase in spending in the March month.

The higher quarterly retail spending also came at the same time as high international visitor arrivals in the January and February months,” Ms. Chapman said.

Core retail spending (which excludes the vehicle-related industries) rose 2.0 percent in the March 2018 quarter, after a 0.9 percent rise in the December 2017 quarter.

In actual terms, retail card spending was $16 billion in the March 2018 quarter up $649 million (4.3 percent) from the March 2017 quarter.

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>>