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November spending down, early 'green shoots' ahead for December - experts

Author
Newstalk ZB,
Publish Date
Wed, 11 Dec 2024, 7:18pm
 Photo / NZME
Photo / NZME

November spending down, early 'green shoots' ahead for December - experts

Author
Newstalk ZB,
Publish Date
Wed, 11 Dec 2024, 7:18pm

The latest card spending data from November indicates Kiwis are keeping their expenses down for another month.

Kiwibank reports claim the value of spending dropped 2.5 percent in November and new ANZ data shows a drop of 1.2 percent year on year.

Infometrics Principal Economist Brad Olsen says there's hope for the economy - as we're seeing early green shoots ahead of the Christmas season.

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