BNZ Marketview consumer spending for the week ending 6 March again has hardware spending well ahead of the market.
Consumer spending on BNZ credit and debit cards for the week before last was +5.92% on the comparative week last year.
The store types with the largest rises in spending were:
- Hardware & homeware +18.1%.
- Appliances +11.6%.
- Sports and camping equipment +10.1%.
BNZ's outlook on the short-term future for retail is that "The short-term future for retail looks bright", thanks to the prospect of interest rates dropping again, these rises in spending look set to continue.
Read the whole report here.
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