Brad Olsen: Infometrics Principal Economist on retail spending being 'stronger than expected' for December
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
Economists have revealed retail spending numbers were better than expected for the month of December.
The total value of electronic card spending, including in non-retail services and other non-retail categories, rose a seasonally adjusted 1.5 percent to $9.23 billion in December from November, according to Stats NZ.
That brought total spending in line with levels last seen in November 2023.
Infometrics Principal Economist Brad Olsen says this is a sign green shoots are returning to the economy.
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