New Zealand saw a 6% spending increase in retail last quarter with the South Island overtaking the North, likely due to farming and tourism. 

Retail NZ CEO Carolyn Young told Heather du Plessis-Allan that a jump in pharmaceutical spending can be attributed to the increasing popularity of GLP-1 drugs like Wegovy. 

"There's certainly high volume of those drugs now being sold, and they're really expensive on a monthly basis. So that just keeps going up and up and up," she said. 

LISTEN ABOVE 

New Zealand saw a 6% spending increase in retail last quarter with the South Island overtaking the North, likely due to farming and tourism.&nbsp;
Retail NZ CEO Carolyn Young told Heather du Plessis-Allan that a jump in pharmaceutical spending can be attributed to the increasing popularity of GLP-1 drugs like Wegovy.&nbsp;
"There's certainly high volume of those drugs now being sold, and they're really expensive on a monthly basis.&nbsp;So that just keeps going up and up and up," she said.&nbsp;
LISTEN ABOVE&nbsp;

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Carolyn Young: Retail NZ CEO on 6% spending increase last quarter

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/35123024-277e-4efc-ad78-b452006b1f17/transcript