New Zealand's hospitality sector saw spending drop 1.4% year-on-year in January, despite a 3.9% rise in core retail spending, according to data from Worldline NZ.
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Expert Briefing
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New Zealand's hospitality sector saw spending drop 1.4% year-on-year in January, despite a 3.9% rise in core retail spending, according to data from Worldline NZ.
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Expert Briefing
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Air New Zealand has released a study revealing that it contributed $2.7bn to the New Zealand economy in FY23, facilitating a total of $26.4bn in economic activity across areas including tourism, exports and imports.
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Expert Briefing
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A new report has shown that, despite record spending taking place in 2023, the average transaction value decreased by 1.5% - suggesting consumers were more cautious with their purchasing decisions.
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Expert Briefing
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Boxing Day spending in New Zealand fell slightly compared with 2022, with spending through Core Retail merchants excluding Hospitality reaching NZD98.3m ($58m), according to payment network Worldline NZ.
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Expert Briefing
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A new report has shown that the 2023 FIFA Women's World Cup generated a NZD $48.9m net economic benefit to the Auckland region of New Zealand, where it was hosted.
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Expert Briefing
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New Zealand's GDP fell by 0.3% in Q3 2023, according to data released by Stats NZ.
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Expert Briefing
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The price of food in New Zealand increased annually by 6.0% as of 13 December 2023, according to figures released by Stats NZ.
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Expert Briefing
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Consumer spending patterns were mixed in the first full week of December in New Zealand, with pre-Christmas shopping up for food and liquor, but down across most other retail sectors, according to data from Worldline.
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Expert Briefing
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The New Zealand economy is gradually improving, helped by strong migration and increased consumer spending, according to the ASB Quarterly Economic Forecast.
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Briefing Bot
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The Treasury has published a new Analytical Note today.
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The Treasury
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E tū welcomes the 2023 Budget, which includes significant improvements for Kiwi families, as well as welcome developments for people working in some E tū industries.
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E tu
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The Office of the Privacy Commissioner is pleased to see the privacy rights and protection of New Zealanders further supported in today’s Budget with an increase in funding to the Office over several years.
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Office of the Privacy Commissioner
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The Taxpayers’ Union has slammed the Government’s decision to hike fuel taxes from July.
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New Zealand Taxpayers' Union
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Commenting on today’s budget announcement, Taxpayers’ Union Campaigns Manager, Callum Purves, said: “With the exception of rolling out free ECE to two years and dropping prescription co-payments, there is almost nothing that the average taxpayer receives from today, except higher fuel taxes and a promise to increase trustee taxes next year.
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New Zealand Taxpayers' Union
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Food prices were 12.5 percent higher in April 2023 than they were in April 2022, according to figures released by Stats NZ today.
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Statistics New Zealand
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Kiwi businesses are showing signs of a global trend known as the ‘Perk-cession’, cutting back on employee benefits and rethinking rewards to attract and engage employees.
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Joe Public
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Food and housing costs were the main drivers of inflation for all household groups, according to figures released by Stats NZ today.
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Statistics New Zealand
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Food prices were 12.1 percent higher in March 2023 than they were in March 2022, according to figures released by Stats NZ today.
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Statistics New Zealand
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The economic crunch and expected recession this year means that Kiwis are at increased risk of being one step away from personal social and economic crisis, says Assistant Territorial Secretary for Mission Lt-Colonel Lynette Hutson.
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The Salvation Army
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FIRST Union is seeking answers on how rising unemployment, slower wage growth and less affordable housing can be squared off against the Government's commitment to the wellbeing of New Zealanders following today’s unexpected 50 basis point Official Cash Rate (OCR) hike.
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First Union
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The latest BusinessNZ Planning Forecast shows New Zealand’s economy continues to face pressure from within and further abroad, increasing chances of recession.
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Business NZ
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In the year ended June 2022, 1 in 4 households that were renting were spending more than 40 percent of their disposable income on housing costs, compared with 1 in 5 households that were paying a mortgage, according to figures released by Stats NZ today.
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Statistics New Zealand
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