There are signs that green shoots are starting to flourish economically. 

The latest card spending data from Stats NZ shows retail spending was up 1.6-percent last month, compared to November last year. 

Spending was up across the board - on the likes of groceries, household items and clothes.

ASB Chief Economist Nick Tuffley told Ryan Bridge that the GDP for the second half of the year has had a strong rebound. 

He says they're expecting 0.8 percent for the upcoming quarter.

LISTEN ABOVE

There are signs that green shoots are starting to flourish economically.&nbsp;
The latest card spending data from Stats NZ shows retail spending was up 1.6-percent last month, compared to November last year.&nbsp;
Spending was up across the board - on the likes of groceries, household items and clothes.
ASB Chief Economist Nick Tuffley told Ryan Bridge that the GDP for the second half of the year has had a strong rebound.&nbsp;
He says they're expecting 0.8 percent for the upcoming quarter.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Nick Tuffley: ASB Chief Economist says GDP has had a strong rebound in the second half of the year

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/87f719d4-4e96-4044-86c0-b3b100597881/transcript