Consumer spending through core retail merchants in Worldline NZ's payments network decreased -0.2% in March 2024 compared to March 2023, at $3.05bn.
Consumer spending through core retail merchants (excluding hospitality) in Worldline NZ's payments network was down -0.2% in March 2024 compared to March 2023, at $3.05bn. Despite a 2.5% increase in spending over Easter this year compared to 2023, spending growth remains slow and reflects tight budgets among Kiwis. Experts attribute this to population growth and price increases over the past year.
April 03, 2024
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