Our latest CreditWorks data indicates further stress ahead for the Commercial Construction sector’s cashflow.
Overall increase in December 2020 quarter spending was driven by groceries, furniture, electrical and hardware.
November 2020 consents by value: residential +17% on Nov 2019; non-residential +9%; all +16%.
2020's Core Retail spending through Paymark was just 0.1% up on 2019 but some retailers saw a stronger finish to the year.
News, views, industry insights and more - our Dec 2020-Jan 2021 Digital Edition is free to read online or download.
November spending on durables was strong again with Furniture, Electrical & Hardware Retailing +19% on Nov 2019.
The value of residential building work put in place turns positive again after two negative quarters.
October's total consents are +0.6% by value, dwellings +3.8% but non-residential is negative 18% on October 2019.
Sales Index shows spending at Retail NZ members was +25.7% on Nov 2019 - but is it sustainable?
A reminder that our November 2020 Digital Edition is still available to read, share and download, free of charge!
Hardware, Building & Garden Supplies sales value is +16% among strong September quarter retail gains says Stats NZ.
In advance of NZ Hardware Journal's print edition, our November 2020 Digital Edition is now live to read online or download.
Strongest growth was in electronic card spending on furniture, electrical & hardware retailing (+20%).
September numbers look good but the quarterly numbers may be a better measure of recovery from lockdown...
But resurgent spending post-lockdown does not mean retailers are safe from potential future pandemic impacts.
In advance of NZ Hardware Journal's print edition, our October 2020 Digital Edition is now live to read online or download.
NZIER says building is now the most buoyant business sector, while other sectors remain cautious about the economic outlook.
Durables (furniture, hardware, appliances, recreational goods) are +19% in September's electronic card spending.
But it's still growing: total September online spending was +17% on last year and +52% on Furniture, Housewares & Hardware.
Retail NZ says retailers are currently growing in confidence about the next 12 months but signals this could change.
Value of August residential consents is down on 2019 but yo-yoing non-residential keeps total consent value positive.
In advance of NZ Hardware Journal's print edition, our September 2020 Digital Edition is now live to read online or download.
August online spending is +27% on 2019, but Furniture, Housewares & Hardware sees biggest boost (+93%!).
Lockdown led to a 24% crash in the total value of building work put in place in the June 2020 quarter compared to 2019.
July residential numbers stay positive but the overall value YTD goes into negative growth.
The value of Aussie retail spending rose everywhere except Victoria in July; household goods among the key drivers.
The value of spending in hardware, building & garden supplies fell by 16%, with total retail down an "unprecedented" 19%.
The August 2020 Digital Edition of NZ Hardware Journal is now live to read online or download.
Homeware & hardware spending boom (+44%) features again in w/e 9 August, immediately pre-Alert Level 3/2 lockdown.
Retail spending growth for w/e 2 August slowed to +5.5%, hottest growth categories are both indoors and outdoor focused!
July online spending on Furniture, Housewares & Hardware was +42% compared to just +2.8% overall.
Electronic card transactions in core retail +13%, spending on hardware, furniture & electricals +25%.
Total consent value for YTD June is flat, despite double-digit increases in the month's consent values.
Sports & camping, Liquor and Clothing retail see the highest spending growth in w/e 19 July.
Reminder: the July 2020 Digital Edition of NZ Hardware Journal is now live to read online or download.
Spending was +13% in week 1 of the school hols (w/e 12 July) and it's not all "staycation" spending either.
The July 2020 Digital Edition of NZ Hardware Journal is now live to read online or download.
June growth is down on May but June's Furniture, Housewares & Hardware spending online is still +50% on June 2019.
Post-lockdown spending on furniture, hardware, appliances & recreational goods is +24% on June 2019.
Retail NZ says June 2020 spending grew more than expected; retailer confidence is also improving.
Spending per transaction continues to grow in w/e 28 June; whiteware, furnishings, outdoors are the week's star gainers.
May 2020 values are all down on 2019: residential -4.9%, non-residential -5.5%, overall -3.4%.
Spending spiked as we moved to Alert Level 1 with value +9.2% for w/e 14 June and transactions +1.2%.
Don't forget that the May-June 2020 Digital Edition of NZ Hardware Journal is now live to read, share & download.
Most growth was seen in the small Furniture, Housewares & Hardware sector (+136% on May 2019!).
Hardware & Homeware spending was +37.1% in week ending 7 June, the final week of Alert Level 2.
May's electronic card spending on durables (incl. hardware) was +9.3% on May 2019 after April's lockdown low.
The May-June 2020 Digital Edition of NZ Hardware Journal is now live to read, share and download.
YTD March 2020's actual value of building work is $25.2 billion, +6.6% on YTD March 2019.
April's online spending is +47.3%, includes big lift for local Furniture, Housewares & Hardware (+70%).
Retail NZ: less than 40% of retailers are confident that they'll survive the current spending deficit.
April YTD residential value is still positive (+5.6%), but non-residential drops 13% with total value marginally negative (-0.7%).
Sports & Camping, Appliances, Department Stores see biggest post-lockdown spending rebound w/e 24 May.
Locked down April saw a rise of 30,000 claims on the Government’s Jobseeker Support benefit.
Banks need to use good capital, liquidity buffers to "support customers and contribute to the economic recovery".
New Paymark-TRA dashboard to 24 May shows consumer spending continuing to rebound.
First days of L2 (w/e 17 May), spending is +53% on the previous week, with transaction volumes +46%.
Sales by volume and value held up well for Hardware, Building & Garden Supplies in the March 2020 quarter.
Spending is +1.5% in week ending 10 May, compared to the previous week. Spend at supermarkets and dairies dropped 1.6%.
Spending for w/e 3 May, having shifted from L4 to L3, grew by 25% on the previous week, thanks to takeaways!
The value of April 's spending on furniture, electrical & hardware fell by 73% on March. The drop in core retail was negative 44%.
The value of all March 2020 consents fell by 15.5% on March 2019 but total value YTD remains +5%.
Probably anticipating the relative freedom of Level 3, spending softened even more in w/e 26 April, in FMCG too.
Spending for w/e 19 April (calendar week 3 of Level 4) was +0.8%, with transactions +6.9% on prior week.
Local online spend +24% in March, well up from +10% in Feb, but online Hardware, Furniture & Housewares flat.
CreditWorks' new Debtor Risk Spread report shows risk distribution by debtor number, $ value, proportionate debt in risk bands.
Spending stats for w/e 5 April show almost 50% drop in spending value. Bigger, less frequent shopping trips the new norm?
CreditWorks' Feb 2020 DSO & debt stats show some positives following a tough January but March is less easy to predict.
Stats NZ: March 2020 spending in the core retail industries fell 1.5% ($75 million) compared to Feb 2020.
Stay in touch with NZ Hardware Journal's Hard News, our free, fortnightly industry e-newsletter!
Spending pre-lockdown was massive for Hardware & Homeware (+208.5%), Appliances (+191%), but overall spending post-lockdown fell by 18%.
Stats confirm that Kiwis' bulk buying ramped up in w/e 20 March: spend was +59% on FMCG, +45% on home office set-up.
Spending +4.7% in w/e 15 March, with food retailers experiencing most growth as consumers stock up.
As COVID-19 impacts w/e 8 March spending, hardware is also boosted almost as much as groceries.
Stuck at home? The March 2020 Digital Edition of NZ Hardware Journal is now live to read, share and download.
YTD Dec 2019, the national value of all building work put in place was $25.4 billion, +12% on the previous year.
Hardware & Homeware spending was +25.2% in w/e 1 March, "perhaps explaining the run on N95 masks".
January's total value of consents is negative (-4.7%) but total value YTD stays positive (+8%).
Total foreign-issued credit card payments were up in Jan and in Feb, despite drop in Chinese spending.
Excluding Food and Liquor, annual online spending is now equivalent to 11% of NZ retail sales.
Sales volume falls but value grows for Hardware, Building & Garden Supplies in Dec quarter RTS.
Plus, thanks to his Napier concert, Elton John singlehandedly boosts booze spending in Hawke's Bay...
Hardware & Homeware spending was among the top growth categories in w/e 9 February.
Average dwelling floor area shrinks again, by over 20% in 2019, and it's not just thanks to multi-unit boom.
Spending for w/e 2 Feb switches from big ticket items (eg hardware & homeware) to sports and takeaways!
December building consents from Stats NZ hold the promise of further growth for the coming year.
Led by Wellington, Hardware & Homeware spending is +11.8% nationally for week ending 26 January.
The latest stats on debt and DSOs from CreditWorks Data Solutions indicate another tight January.
W/e 19 Jan good for spending in Furniture & Flooring, Appliances and Hardware & Homeware.
Week ending 12 January rebounds for Hardware & Homeware (+7.5%) thanks to stay-at-home spenders.
Spending on hardware, furniture & appliances fell in December after a "very strong" November.
November's residential value marginally up, non-residential is negative 23%, overall negative 8.8%.
November spending in hardware and department stores (durables) bounced back, says Stats NZ.
Treasury says the NZ "economy is experiencing a period of slower, but still solid, economic growth".
Bargains on appliances (+117%), at department and outdoor stores dominated spending for w/e 01 December.
YTD Sept 2019, residential building work is +9.3%, non-residential rebounds from June quarter to +16%.
October online spending increase the same as September's; what will Black Friday/Cyber Monday bring?
Spending is down 7.4% for w/e 24 November thanks mainly to Black Friday falling later this year.
Consents by value for YTD October 2019: residential +11%; non-residential +12%; overall +11%.
Spending surged last week but the Thursday before Easter 2019 remains NZ retail's biggest day.
Despite falling prices, electrical & electronic goods saw the most growth in spending for the quarter.
Spending on appliances and at department stores still appears to have benefitted from Singles Day.
W/e 10 Nov stats suggest homeowners and renters are staying put and spending more on where they live.
The November 2019 digital edition of NZ Hardware Journal is now live to read, share and download.
Biggest falls were in durables: hardware; appliances; department stores; and pharmaceuticals.
But Hardware & Homeware spending over Labour Weekend 2019 was down 4.27%.
September's online spending is +8%, local online +15% but international online spending is down 1%.
Just a reminder that the October 2019 digital edition of NZ Hardware Journal is live.
The stats for September from CreditWorks paint a picture of payments and debt that’s consistent with recent years.
YTD September consent values all positive: residential +10%; non-residential +11%; all building +11%.
Meagre spending growth for w/e 20 October is all about Takeaways and Bars, Cafes & Restaurants!
Retail NZ says 64% of retailers expect to meet or exceed sales targets for the last quarter of 2019.
Accommodation apart, appliances and non-fuel automotive spending the big winners in the w/e 6 October.
Biggest gains in appliances, outdoors and takeaways in consumer spending for the w/e 29 Sept.
August stats show standalone houses now account for less than half of all homes consented in Auckland.
More "RWC effects" as takeaways, bars & cafes and TVs dominate spending growth in w/e 22 Sept?
Spending slows in w/e 15 September but there's still enough confidence to spend on big items.
July's residential consent value is +14.9%, non-residential +27.3%, total consents +18.6% on 2018.
Spending at local sites is +18% while offshore online fell slightly. Online is now 8% of NZ retail spending.
The total value of Australian building approvals has now fallen for four straight months.
W/e 25 August: Kiwis interested in spending on homes but may be holding off on larger purchases.
Spending on Appliances was +19.3%, Furniture & Flooring +6% in the week ending 11 August.
Spending on Homeware & Hardware for w/e 4 August slowed to +3.6% from the yearly rate of +6.3%.
Durables (hardware, appliances, department stores & pharmaceuticals) were negative 0.9% in July.
Sales attract spending hikes at Department Stores (+12.2%) and Appliances (+7.4%). in w/e 28 July.
June growth in local online spending (+14%) far outstrips spending growth at offshore online retail (+1%).
For the June month, national residential consent value is +6%, non-residential -5.2%, all +2.5%.
The July 2019 digital edition of NZ Hardware Journal is live - read, share, download, live links!
Home spending continues: Hardware & Homeware spending +11%, Appliances +10% in w/e 14 July.
Spending grew most in Hardware & Homeware (+30%) and Furniture & Flooring (+13%) in w/e 7 July.
Confidence returns to pre-Election levels but concerns remain about procurement, materials & skills.
June card spending is flat overall thanks to fall in fuel prices; durables (+1.7%) see largest gain.
Total NZ online retail spending at local sites in May was +9%, but just +2% at international sites...
May month's residential consents are +11.3% by value, non-residential -11.1%, total consents +4.1%.
Spending is once again home-related in w/e 23 June, with hardware & homeware +4.7%.
Biggest growth in w/e 16 June is hardware & homeware (+11.5%) and furniture & flooring (+6%).
Construction the main contributor to GDP growth, +3.7% on top of +2.2% in the previous quarter.
"Recent deterioration has seen conditions in the [retail] industry fall to levels not seen since the GFC".
The March 2019 quarter's total value of building work put in place is +15.7% on 2018.
Growth in spending on Furniture & Flooring (+17.8%) props up spending for the week ending 2 June.
Sustained growth for Hardware & Homeware spending (+11.7%) in w/e 26 May as overall growth slows.
Residential consents are +5.7% by value, non-residential +73.7%, boosting overall value to +27.5%!
Spending softens at offshore sites but local sites are +11%; Furniture, Housewares & Hardware is +7%.
Hardware, building & garden supplies (+3%) recovers after one of the largest falls the previous quarter.
DSO and debt levels for March 2019, courtesy of CreditWorks, show signs of improvement or at least stasis.
By value, March 2019 residential consents are +10.6%, non-residential -5.9% and +4.6% in total.
But for the March quarter, electronic card transactions at core retail are +1.6%, ditto for durables.
Stats NZ says "revisions may be significant" thanks to new "outcomes-based measure", so hang fire...
Paymark: March 2019 quarter spending stats show "slower growth momentum" but not everywhere.
Feb 2019 residential consents are +14.4% by value, non-residential +13.3% and the total value +14.1%.
"Little improvement on the horizon" for Aussie retail, says the NAB's latest Monthly Business Survey.
But core retail spending was marginally up (+0.9%) in February Electronic Card Transactions.
Thanks to non-residential activity, overall value growth in 2018 is up on 2017.
ABS trend data says that January's dwelling approvals fell thanks to a big fall in townhouses & apartments.
By value, residential consents are +26.6% on January 2018, non-residential +4.8% and overall +19.1%.
Annual domestic online spending is now around $4.6 billion (ex GST), or 8% of total retail sales.
Hardware, Building & Garden Supplies had the largest quarterly spending decrease, down 1.9% or $42m.
Hardware & homeware spending is +6.9% for the week ending 17 February.
Spending bounces back with hardware & homeware +11.3% in the week ending 10 February.
Latest Stats NZ figures show January card spending on core retail was +2.2% and +5% on durables.
Ready-mixed concrete production remains high but flattened in 2018 after 6 years of growth.
Wellington in particular spends up large on hardware & homewares in the w/e 03 Feb (+13.7%).
January index says that Kiwis are "feeling pretty good about things" with "slightly above-average confidence regarding their own situations".
Total value growth ends 2018 just 1% down on 2017 (total +6.6%; residential +5.4%, non-residential +9%).
Nov-Dec proved less worrisome than expected, but the Jan-Feb period has yet to show its true colours.
Growth slows but Northland, Gisborne, Nelson spend money bettering their homes in week ending 27 Jan.
But total online spending grew just 6% thanks to an unusual fall in spending on international websites.
Home improvement appears to have resisted the general slowing of spending growth in the last quarter of 2018.
Spending in department stores was +7.2% in the week ending 20 January; the regions also see a boost.
Spending at Hardware & Homeware retailers was +7.6% in the week ending 13 January.
Worse, durables fall 4.4% in December electronic card transactions, the largest drop since Oct 2010...
Residential consent value +0.3%, non-residential +51%, total value +15% on November 2017.
Spending for w/e 6 January 2019 at Hardware & Homeware retailers is +24.7% on last year.
Spending on hardware, home decorating was +6.1%, well above overall flat spending growth (+1.2%).
As forecast, data on the October month confirms that debt levels on the CRISworks database have continued to climb and are now sitting at the highest levels so far this year.
Paymark confirms latest non-fuel spending growth is low, negative in Auckland-Northland and Wairarapa.
Spending drops 2.2% in the week ending 2 December as shoppers "take a breather" after the sales...
October's online spending stats show a big gain in Furniture, Housewares & Hardware at +13%.
Spending on appliances was +40% in the w/e 25 November, well in excess of overall spending growth.
The value of building consents turns from soundly negative in Aug and Sept to fully positive in Oct.
Impressive increase or softer than expected? Black Friday spending at core non-food retail is +20% on 2017...
Hardware channel debt stays high - expect it to climb higher post-Christmas.
Consumer spending volume was high but the value low for the week ending 11 November.
"Most retail industries showed softer results in October, except the fuel industry..."
Spending for w/e 4 Nov shows growth in the value of the average transaction
Spending for w/e 28 October: value overtakes volume as spending lifts before Halloween.
Spending at local websites grew more strongly (+15%) than at overseas retailers (+7%).
By value, residential consents down 9% non-residential +2%, total consents down 6%. YTD still positive.
Retail NZ: Peak season to be positive, although cost pressures remain, and competition is still tough.
Fuel and liquor are the big risers in consumer spending for w/e 21 October...
Consumer Spending Series for w/e 14 October confirms spending growth has slowed.
Stats NZ's September quarter CPI data highlights construction costs as a key driver of the latest increase.
Fuel price increases are another factor in consumer spending for the week ending 7 October.
Actual electronic card spending on retail was $16b (+5.2%) in the September 2018 quarter.
Following July's warning signs, August debt is "steady" but is there worse to come?
Spending report for w/e 30 September also highlights trend towards smaller, more frequent, purchases.
August online spending at Furniture, Housewares & Hardware retailers was +11%.
August residential consents are negative 3% by volume and by value, non-residential value minus 15%.
Overall, spending fell only marginally by value in the w/e 16 September while transactions rose...
Spending on furniture was a massive +17.8% for the w/e 9 September - clearance sales the driver?
Fuel spending helped increase August electronic card spending (actual +6.3% on August 2017).
Stats for July show both good growth and some weakness in the market but July data indicates a “vulnerable” commercial sector.
Appliances apart, spending growth was soft in the first week of spring (w/e 2 September)...
The actual value of building work put in place was +7.6% for residential, +9% for non-residential.
Online spending on Furniture, Housewares & Hardware +8%, lagging overall market growth (+13% on 2017).
Spending gains were good in w/e 26 August, particularly for hardware & homewares retailers (+5.8%).
July's total consent value is negative 2% but YTD July 2018 total is still +10%.
The outlook is for "ongoing growth ... at a more modest pace – provided we don’t talk ourselves out of it"...
Retailers' outlook for the current quarter has taken "a negative turn", cost pressures to mount.
Spending on appliances was +7.9% in the week ending 19 August - shifting winter sales the cause?
Spending hikes led by hardware & building supplies +4.9% ($99 million) in June quarter.
Big spending growth in w/e 12 August, driven by higher fuel and liquor prices and travel.
Inclement weather is still affecting the construction sector, according to the latest data.
Released yesterday, the 2018 National Construction Pipeline report predicts sustained building growth for the next five years.
June 2018 consents back to double digits: total value for the month +13%, YTD total value +11%.
Growth in online spending with Kiwi retailers (+12%) continues to outpace international (+7%).
Negative growth in spending for the week ending 22 July, even FMCG fell...
Spending stats for w/e 15 July show more transactions are taking place but for smaller values.
Double-digit spending growth on fuel, travel & appliances for w/e 8 July reflects better week overall.
Card spending was slightly up in the June month but fell marginally for the June 2018 quarter.
Data for May 2018 from CreditWorks Data Solutions still shows overall debt levels at all-time highs...
Kiwis are buying smaller value items and shopping online more regularly, says NZ Post e-commerce review.
Surprise surprise, fuel spending is +25% in w/e 1 July, other spending growth stays in single digits.
Hardware & homeware spending in w/e 24 June was +7.7%, but sports, liquor saw the strongest growth.
10% growth for May online spending with Furniture, Housewares & Hardware the star at +25% on 2017.
By value, May residential consents were +13% on May 2017, non-residential +9% and +11% overall.
W/e 17 June 2018, Kiwis spent 1.3% more than last year but transactions increased by 2.1%.
Report says average cost of building a home has risen 30.7% since 2007 and by 3.4% since April 2017.
New report says the cost of land is adding to the housing supply constraints around Auckland.
Appliance stores see another big spending hike (+12.2% in w/e 3 June), department stores too.
Actual value of total building work was $5.3 billion (+7%), residential, non-residential growth strong.
Data for April 2018 shows a slight improvement in DSOs but debt continues to climb.
Actual April residential +27% by volume, +22% by value, YTD residential value growth still double figures.
Survey says retailers that offer contactless do twice as well as those who don't by value and volume.
YTD online spending is now approximately $4.3 billion, or 7.7% of total retail sales.
Stats NZ says April's negative result is "unusually large", driven by groceries, liquor and fuel.
March 2018 data from CreditWorks shows its CRISworks database has reached a new peak.
Card spending rebounds during March from the February dip, with spending on durables +1.2%.
Data for February 2018 from CreditWorks shows debt may be down but stresses are growing.
Councils that allowed businesses to trade contributed to a 23% increase in Easter Sunday spending.
Residential volume is marginally down on Feb 2017 but value is +5%. Residential value YTD is +9.3%.
Hardware & homeware spending +11% for w/e 11 March. Plus, Waikato is a spending hot spot.
Data for the January 2018 month suggests it could be an atypical February...
Figures say 2017 hardware, building & garden supplies retail sales reached $8.1b (+5.4% on 2016).
Building work put in place $21.2b (+6.8%), residential $13.9b (+9.7%), non-residential $7.4b (+1.8%).
By value, residential consents were +22% (+9.4% by volume), non-residential +42% by value.
Spending on appliances week ending 18 February was up again at +13.8%, way ahead of the market.
Overall, online spending was +7% on December 2016, but spending rebounded in January.
Biggest growth was spending on appliances over the week including Waitangi Day (w/e 11 February).
Data for Nov and Dec 2017 from CreditWorks confirms end of year debt reduced alongside work levels.
Appliances experience another spike with spending +13.3% for week ending 4 February.
Consent numbers for calendar year 2017 lack the double digit growth of the last few years.
Spending growth returns as people go back to work; also in review, spending's pre-Xmas peak...
December's actual core retail spending was $5.78 billion, +3.7% on December 2016.
Online spending on Furniture, Housewares & Hardware was +14%, double overall online growth.
By value, total consents were +17%. Residential consents were +11%, non-residential +34% by value.
Consumer Spending Series for w/e 7 January shows spending last week was 5% down on same time last year.
$59 billion was spent through Paymark for the year. Growth softened slightly around major centres.
Spending under 2% up on 2016 for the week ending 10 December, but Hardware & Homeware is +9%.
Data for October 2017 from CreditWorks confirms the previous outlook – more of the same.
Spending online on Furniture, Housewares & Hardware slows to 4% in October.
Consumers "take a breather" after Black Friday but hardware & homeware spending still +8.2% on last year
Actual value of total building activity was +6.4%, residential +9.7% and non-residential +0.6%.
October 's just released residential consents: slight fall in volume but value is +8% with YTD +7%.
Data for September 2017 from CreditWorks Data Solutions confirms last month’s forecast that debt levels would stabilise and DSOs improve.
Consumer Spending Series shows hardware & homeware spending +13.8% for w/e 12 Nov.
BNZ Marketview stats also say online spending on Furniture, Housewares & Hardware was flat.
Rider Levett Bucknall’s Q4 2017 crane count also says activity dipped for the first time since 2015.
Elsewhere gardening and DIY weren't a priority as NZ hardware & homeware spending rose just 1.4%.
Total Kiwi online retail shopping was +12% on Aug 2016. Spending offshore was +14%, local +10%.
Latest stats for w/e 3 Sept put overall spending growth at less than 2% - is the Election to blame?
But it was slightly down on the March quarter, according to Stats NZ's latest figures.
Volume of hardware and homeware spending +10.5% w/e 27 August, value growth more modest.
Total online spending on Furniture, Housewares & Hardware for July is +6%, slightly behind the market.
August spending kicks off "with a hiss and a roar"; liquor, takeaway and fuel biggest growers.
Hardware, Building & Garden Supplies takes in $1.8 billion (+6.8%) in June quarter's RTS figures.
Latest BNZ-Marketview spending stats for w/e July also show gas prices +8.4%, as scrutiny lessens.
Dwellings are +4.7% YTD but the June month saw a drop in volume and value also for non-residential.
Updated: Latest Weekly Consumer Spending Series shows hardware & homeware spending just +0.5%.
New "experimental" stats show last year it took 10 months to build a house from consent to completion.
Spending on hardware and homeware +4.5% in latest BNZ Marketview Consumer Spending Series.
Stats NZ reports record annual net migration for the year to May 2017 driven by mainly non-NZ citizens.
But stats for w/e 11 June have hardware & homeware spending +8.37% by value and +5.8% by volume.
Apparel gains despite slight dip in core retail spending in May 2017 Electronic Card Transactions.
Hardware and apparel down on 2016 in BNZ-Marketview's Consumer Spending Series for w/e 4 June.
Residential work in train has eased, while non-residential has fallen compared to the Dec 2016 quarter.
BNZ Marketview Weekly Spending Series for w/e 28 May has value growth at +2.2%, volume +4.8%.
Cyclone Cooke had an impact says the BNZ Weekly Consumer Spending Series for w/e 16 April.
February's dwellings volume +1.6% on Feb 2015 but value is negative 2%. Overall consent value +1%.
Debt figures from CreditWorks for February 2017 show the effect of recent short months.
Are Statistics NZ's January 2017 residential consent figures reason for concern? Could be...
BNZ's Consumer Spending Series w/e 5 February has hardware & homeware +21.1%, ahead of fuel and food!
But year end stats for Jan-Dec 2016 show dwelling consents +10.5% by volume, +19% by value.
But Stats NZ's November consent data confirms 11-year dwelling high by volume.
Our final report on debt in the channel for 2016 from CreditWorks shows debt level down but warns now is not the time to leave your debtors to their own devices.
Our regular report on debt in the channel for October shows debt levels remained steady.
As predicted, there was little change in either ageing or overall debt during September.
Debt may have fallen in June but it's still above last year's level - what's the forecast?
Data from CreditWorks suggests that, although collections are improving overall, debt is a concern.
April’s debt figures show further improvement for the building materials industries, with a couple of exceptions.
Although February proved troublesome for some in the industry, March brought some respite.
Reduced building activity during the summer months continues to be good for the channel's debt levels.
on the side
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