Hamilton City Quarterly economic monitor - June 2019

Consumer Spending

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Highlights for Hamilton City

  • Electronic card consumer spending in Hamilton City, as measured by Marketview, increased by 1.9% over the year to June 2019 compared to the previous year. This compares with an increase of 4.0% in New Zealand.

National overview

Consumers are continuing to increase their spending, but the underlying trend in growth appears to be softening. A slight easing in retail spending growth is not particularly concerning and had been expected as population growth is a key driver, and this has been slowing too. Spending growth is likely to continue easing as households keep a closer eye on their spending in the light of a softening economic outlook. Further easing of consumer spending is likely to weigh heavily on the outlook for GDP growth.