A challenging time may be coming for retailers.

Data released by Stats NZ has revealed a 2% fall in December’s spending compared to the month prior. 

Spending on consumables such as groceries experienced the smallest fall at 0.1%, while things such as furniture and clothing are down by 2% and 2.9% respectively.

Infometrics Principal Economist, Brad Olsen, told Tim Dower that the data reflects that households are being more cautious with their spending.

He said the 1.6% increase in November was likely caused by early Christmas shopping.

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A challenging time may be coming for retailers. 
Data released by Stats NZ has revealed a 2% fall in December’s spending compared to the month prior.  
Spending on consumables such as groceries experienced the smallest fall at 0.1%, while things such as furniture and clothing are down by 2% and 2.9% respectively. 
Infometrics Principal Economist, Brad Olsen, told Tim Dower that the data reflects that households are being more cautious with their spending. 
He said the 1.6% increase in November was likely caused by early Christmas shopping. 
LISTEN ABOVE

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Don't miss a thing while you're on holiday, with Newstalk ZB Holiday Breakfast. We deliver the best in news, views and opinion to keep Kiwis informed and entertained while you're on the road, at the bach, or relaxing at home.

Don't miss a thing while you're on holiday, with Tim Dower and Newstalk ZB Holiday Breakfast.

Holiday Breakfast

Don't miss a thing while you're on holiday, with Tim Dower and Newstalk ZB Holiday Breakfast. Tim delivers the best in news, views and opinion to keep Kiwis informed and entertained while you're on the road, at the bach, or relaxing at home.