Search Manawatū

Quarterly Electronic Card Retail Spending Report September 2023

Quarterly Electronic Card Retail Spending Report September 2023

Retail card spending in the region increased by 2.5% in the September 2023 quarter compared with the previous September quarter. This is slightly lower than the New Zealand average growth of 2.8% over the same period.

Annual electronic card retail spending in the region was 4.1% compared to the annual inflation rate of 5.6% for the period ending September 2023. Hence, the annual growth in retail spending is lower than the rate of annual inflation, indicating a real decline in the value of spending in the region, over the year.

Retail spending in the region was supported by spending on accommodation with a +27% increase while art, restaurants, bars and takeaways spending increased by 13%.

Overall annual retail spending growth in the region is behind national growth of 7.4% over the year, with annual electronic card retail spending in the region at $1,787 million, an increase of 4.1%. This is lower than the annual inflation rate of 5.6% for the same period, which means that the increase in spending is mainly due to inflation.

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.

This was published in the Economic Updates newsletter on November 13, 2023. 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