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flag New Zealand's retail sales dropped 4.25% in February, hit by lower tourism and rising unemployment.

flag New Zealand's retail sales fell by 4.25% in February 2025 compared to the same month in 2024, with lower tourism and growing unemployment contributing to the decline. flag Tourism is only at 80% of pre-pandemic levels, with cruise tourism down 20-25%. flag Despite these challenges, retail spending increased by 0.3% in February compared to January, with the apparel sector seeing the biggest growth.

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