ASB says a rise in spending is largely down to new-found consumer confidence
ASB says a rise in spending is largely down to new-found consumer confidence
21 January 2025
StatsNZ data shows electronic card transactions increased a seasonally adjusted 1.5-percent in December, compared to November.
Every spending category except motor vehicles, rose month-on-month.
Senior Economist Mark Smith says it's a stronger result than expected.
He says there's been a lift in consumer sentiment, driven by lower interest rates and a drop in cost-of-living pressures on households.
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