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flag Retail spending in New Zealand fell in December, marking the slowest growth in five years.

flag 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. flag Despite robust Boxing Day sales, the late Christmas rush posed challenges to retailers' profitability. flag 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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