Brad Olsen: Infometrics Principal Economist on the 2% decrease in spending in December of 2023

Brad Olsen: Infometrics Principal Economist on the 2% decrease in spending in December of 2023

Author: Newstalk ZB January 17, 2024 Duration: 4:57

A challenging time may be coming for retailers. 

Data released by Stats NZ has revealed a 2% fall in December’s spending compared to the month prior.  

Spending on consumables such as groceries experienced the smallest fall at 0.1%, while things such as furniture and clothing are down by 2% and 2.9% respectively. 

Infometrics Principal Economist, Brad Olsen, told Tim Dower that the data reflects that households are being more cautious with their spending. 

He said the 1.6% increase in November was likely caused by early Christmas shopping. 

LISTEN ABOVE 

See omnystudio.com/listener for privacy information.


Even when the office is closed and the routine is broken, the world keeps turning. Holiday Breakfast from Newstalk ZB is the companion for those mornings when you’re sipping coffee somewhere other than your usual spot-whether that’s a campground, a beach house, or simply your own backyard with the alarm clock off. This podcast understands that being away from the daily grind doesn’t mean you want to disconnect from what’s happening. Instead, it delivers a concise, engaging digest of the essential news and spirited discussion you’d expect from Newstalk ZB, but crafted for the pace of a break. You’ll hear informed perspectives and analysis on the stories shaping New Zealand and the world, all designed to fit into a quieter morning. It’s about staying in the loop without being tied to a desk, offering a blend of information and thoughtful opinion to kickstart your day, no matter where you’ve woken up. Tune in for a listen that feels like a conversation with a well-informed friend, ensuring Kiwis never have to choose between being relaxed and being well-informed.
Author: Language: en-us Episodes: 500

Holiday Breakfast
Podcast Episodes
Heath Gullery: Overwhelmingly Rainy On Christmas [not-audio_url] [/not-audio_url]

Duration: 2:15
People shouldn't hold their breath for sunshine on Christmas. There'll be a mixture of muggy and wet days as people travel in the lead up to the 25th. But MetService Forecaster Heath Gullery told Tim Dower the big day is…
Gin Wigmore: Kiwi Singer Back For Harvest Moon In Napier [not-audio_url] [/not-audio_url]

Duration: 11:11
Gin Wigmore, Kiwi indie singer songwriter, will be back in the country in April to perform at the Harvest Moon Festival in Napier alongside Welsh singer Tom Jones and the Magnificent Seven. Wigmore Spoke to Tim Dower to…