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


Post-lockdown Retail Card Spending Picks Up

The rise in retail card spending was boosted by sales of furniture, hardware, and appliances, Stats NZ said today.

“For a third consecutive month, card spending on the long-lasting goods (durables) remained at higher levels than last year, after falling sharply during April’s COVID-19 lockdown when stores were shut,” retail statistics manager Kathy Hicks said.

In actual terms, spending on durables had the largest retail industry increase, up $259 million (20 percent) compared with July 2019.

Total retail spending

Retail spending using electronic cards reached $6.0 billion in July 2020, up $610 million (11 percent) from July 2019.

“Continued card spending in July coincides with New Zealand being in alert level 1 for a full month, with few restrictions compared with level 4 lockdown in April,” Ms Hicks said.

Card spending rose for all but one of the six retail industries, with consumers spending more on groceries, clothing, hospitality, and cars (excluding fuel) than in July 2019.

Growth in groceries

The second highest spending increase was in supermarkets, specialised foods, and liquor stores (consumables industry), up $245 million (12 percent) compared with July 2019.

“Kiwis are continuing to spend up on groceries and beverage-related supplies following another month of loosened restrictions,” Ms Hicks said.

Hospitality looking up

Lower-level card spending, released to show the impacts of COVID-19, shows that the rise in hospitality was driven by the food and beverage services, up $92 million (11 percent) from July 2019.

“While accommodation spending remains low, New Zealanders’ increased spending on eating out throughout the July month has boosted the hospitality industry,” Ms Hicks said.

“Accommodation spending saw a small rise over the month, coinciding with the July school holidays, where Kiwis had the freedom to travel domestically but were still unable to travel overseas,” Ms Hicks said.

In actual terms, accommodation spending was down $30 million (16 percent) compared with July 2019, reflecting the lack of international visitors.

Electronic card transactions: July 2020

has more information on this lower-level card spending.

At the combined hospitality industry level, retail card spending rebounded this July, up $62 million (5.9 percent) compared with July 2019. This is the largest dollar value in hospitality for a July month since the series began.

The hospitality industry includes restaurants, cafes, bars, and takeaways (food and beverage services) and hotels, motels, and holiday parks (accommodation).

Fuel sales down in July

Fuel was the only retail industry that experienced a fall in July, down $44 million (7.9 percent) from July 2019.

COVID-19 data portal

shows weekly traffic counts were recovering in July.

“The lower fuel sales may partially reflect a lower price at the pump compared with the same time last year,” Ms Hicks said.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Auckland Transport: Successful Bridge Repair Opens Two Additional Lanes To Traffic

The opening of two additional lanes on the Auckland Harbour Bridge this morning will help relieve some motorway congestion for motorists heading home to the North Shore tonight. More>>


Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>


Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>


MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>


University Of Auckland: Whale-Watching By Satellite – Follow Their Travels Online

Scientists have successfully attached satellite tracking tags to six New Zealand southern right whales, or tohorā, and are inviting the public to follow the whales’ travels online. Part of a major research project involving the University of Auckland ... More>>

Commerce Commission: Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million

Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems. In a settlement dated 27 August 2020, Kiwibank admitted that ... More>>

Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>


NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>


Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>