Search Manawatū

Manawatū Retail Report December Quarter 2023

Recently obtained data from Marketview and Worldline, indicates that increased inflation retail spending within the region is not enough to keep up with inflation rates.

However, despite this increase, the spending growth is less than the annual inflation rate of 4.7% for the same period, indicating a real decline in the value of retail spending. Manawatū also falls short of the national growth rate of 4.3%. As this is still below inflation, we can see overall decline in the value of retail spending across New Zealand.

On a positive note, we are seeing continued loyalty when it comes to retail spending, with Manawatū residents choosing to shop local. The percentage of the region's resident spending in Manawatū retailers is stable at 83%, slightly higher than the five-year annual average of 82.7%

Overall, for the year ending December 2023, 76% of all retail spending in Manawatū region was from locals, totalling $13,359 million - an increase of 2% compared to the previous year.

To view the full quarterly electronic card retail spending report for the period ending December 2023 click here

This was published in the Economic Updates newsletter on March 4, 2024. Sign up here to receive our newsletters directly

Get in touch with a Business Growth Advisor

As a first step, we’ll need you to register through the Regionsl Business Partner Network below, and then one of CEDA’s Business Growth Advisors will be in touch.
Register Now

Ō Mātou Kaihāpai | Our Supporters

Level 1, 5 Broadway Ave,
Palmerston North
PO Box 12005

Palmerston North 4410
+64 6 350 1830 
[email protected]
0800 CEDA SUPPORT (233 278)
© 2024 CEDA - Central Economic Development Agency. | Site Policy | Privacy Policy