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4 Apr 2025 18:16
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  •   Home > News > Business

    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


    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 .

    © 2025 Newstalk ZB, NZCity

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    Economists are still expecting a drop in interest rates - despite strong headwinds in the global trade environment More...



     Today's News

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