Consumer spending is an important indicator of the regions economic health, which is why we keep an eye on the changes and trends happening across the retail sector. Drawing on comprehensive data sourced from MarketView to provide a detailed analysis, the Manawatū Quarterly Retail Report provides an overview of consumer spending.
Compiled in partnership with Palmerston North City and Manawatū District Councils, CEDA publishes this quarterly report to provide our business community and stakeholders with timely information, key insights, and the tools needed for informed decision-making and strategic planning to drive economic growth and prosperity.
Manawatū Quarterly Retail Report June Quarter 2024
The latest retail report shows that card spending in the region decreased by 0.3, compared to the same quarter in 2023.
This growth is marginally lower than the national average growth rate of 0.3%. Annually, electronic card retail spending in the region grew by 0.7% over the year ending June 2024, below the national growth rate of 2%. This compares with an annual inflation rate of 3.3% over the same period, indicating a real decline in the value of retail spending over the year.
