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Manawatū retail card spending growth continues to outperform New Zealand average

Electronic card retail spending in Manawatū for the March 2023 quarter, continues to show increased growth over the New Zealand average, with a 6.4% increase compared to 5.1% nationally.

For the quarter ending March 2023, total electronic card spending in the region was $424 million, a 6.4% increase from the March 2022 quarter. Comparatively, total retail spending in New Zealand was $17,671 million, an increase of 5.1% for the same period in the previous year.

The breakdown is as follows:

    • Palmerston North city - $355 million (6.9% increase)
    • Manawatū district - $69 million (4.4% increase)

To better understand what's influenced these figures, our greatest sectors of spend, and annual growth supported by spending in tourism and travel (such as art, recreation, accommodation, cafes, and restaurants), check out the latest Retail Report.

If you have any questions on this data, we welcome questions or comments through [email protected]

This was published in the Economic Updates newsletter on May 9, 2023. Sign up here to receive our newsletters directly

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