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Retail spending in New Zealand fell in December, marking the slowest growth in five years.
Retail spending in New Zealand declined in December 2024, with a 0.7% drop in card spending overall and a 2% decrease in Auckland and Wellington.
Despite robust Boxing Day sales, the late Christmas rush posed challenges to retailers' profitability.
Annual figures show spending grew only 0.8% in 2024, the slowest in five years, attributed to ongoing budget adjustments due to inflation and pandemic recovery.
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El gasto al por menor en Nueva Zelanda cayó en diciembre, lo que marca el crecimiento más lento en cinco años.