A pickup in retail spending shows some consumers aren't too phased about a tough economic climate.

Stats NZ data shows core retail spending in May was up 2.8% annually – not including volatile sectors like fuel.

Furniture, electronics, and hardware spending is up 4.8%, while hospitality spending is up 3.2%.

Retail NZ Chief Executive Carolyn Young told Mike Hosking that March and April were really uncertain, and consumers were concerned about the cost of living, inflation, and the Middle East crisis.

But now, she says, people have realised we’re in it for the long haul and need to get on with life and work out what we can spend. 

LISTEN ABOVE 

A pickup in retail spending shows some consumers aren't too phased about a tough economic climate.
Stats NZ data shows core retail spending in May was up 2.8% annually – not including volatile sectors like fuel.
Furniture, electronics, and hardware spending is up 4.8%, while hospitality spending is up 3.2%.
Retail NZ Chief Executive Carolyn Young told Mike Hosking that March and April were really uncertain, and consumers were concerned about the cost of living, inflation, and the Middle East crisis.
But now, she says, people have realised we’re in it for the long haul and need to get on with life and work out what we can spend.&nbsp;
LISTEN ABOVE&nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Carolyn Young: Retail NZ CEO on the uptick in retail spending for May

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/718d35af-02ca-423e-919b-b46a015d26c3/transcript