Brad Olsen: Infometrics principal economist on retail sales dropping for the third consecutive quarter
Heather du Plessis-Allan Drive · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Retail spending is continuing to decline as people opt to spend less money, according to new Stats NZ data.
The total volume of retail sales fell 1 percent in the June quarter compared to the March quarter in the third consecutive quarterly decline, following on from March and December.
Infometrics principal economist Brad Olsen says inflation and interest rates are finally hitting consumers, forcing households to tighten their belts as more people join the economy.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.