New Zealand households spent more and saved less in Q3 2024, despite a small rise in income.

In the September 2024 quarter, New Zealand's household spending rose by 0.5%, but household savings dropped significantly by $443 million to -$1.8 billion. Despite a slight rise in employee compensation and self-employed income, household disposable income fell by 0.2%. Business savings also declined, while government net worth increased by 0.3%. The full report is available on the Statistics New Zealand website.

January 15, 2025
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