Confirmation the ripple effects of declining interest rates - still haven't changed consumer habits
Confirmation the ripple effects of declining interest rates - still haven't changed consumer habits
3 April 2025
Worldline New Zealand data shows March consumer spend slid 0.8-percent annually - hitting hospitality the hardest.
Chief Sales Officer, Bruce Proffit, says supermarkets and liquor stores grew slightly - but the hospitality spend dropped 3.2-percent.
Wellington was the weakest region - down 2.3 percent - and Auckland and Canterbury dropped just over one .
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