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Disclaimer: While every effort has been made in the production of this report, BNZ and Marketview Limited are not responsible for the results of any actions taken on the basis of the information in this report and expressly disclaim any liability to any person for anything done or omitted to be done by any such person in reliance on the contents of this report and any losses suffered by any person whether direct or indirect, including loss of profits.

NB: The BNZ Marketview Consumer Spending Series provides a measure of national consumer spending trends in the core retail categories (excluding fuel). It is based on the monthly credit and debit card spending of BNZ customers. It includes GST, but excludes other forms of electronic transactions such as overseas cards, gift cards, corporate and fuel cards. Numbers reported are actual values and volumes i.e. not seasonally or inflation adjusted. Accordingly the series may differ from other electronic transaction data reports.

THIS WEEK AT A GLANCE

LAST 52 WEEKSVS. SAME WEEKS YEAR PRIOR

LAST 30 DAYSVS. SAME PERIOD LAST YEAR

LAST 7 DAYSVS. SAME WEEK LAST YEAR

Note: Calculations exclude spending on fuel

CHANGE IN SPENDING

WEEKLY CONSUMERSPENDING SERIES

SPENDING

+0.49%TRANSACTIONS

+3.37%

SPENDING

+3.09%TRANSACTIONS

+4.89%

SPENDING

+3.47%TRANSACTIONS

+4.50%

Kiwis holding back as Christmas approachesConsumer spending this week was relatively unchanged on the same week last year, just up at +0.49% growth. Transactions experienced a 3.37% lift, slightly down on the long term trend. Much of this week’s growth came from consumable food categories, with takeaways again topping the results. Although there was little movement in discretionary categories compared to last year, total spending (excluding fuel) this week was up 9.9% on the week prior, while transactions were up 5.8%.

With only a few days until Christmas, retailers are going to be gearing up for what is usually the biggest week on their sales calendar. In a report released earlier this week, we predicted sales will peak for discretionary and gift related stores on Friday, with Kiwis getting their last minute purchases. We also expect petrol stations to have their biggest day on Friday, as Kiwis fill up for the Christmas roadie. Supermarkets should experience their busiest time over the weekend, with most households buying the stockpile for Christmas and New Year on Saturday, and getting any last minute purchases on Sunday.

This is our last Consumer Spending report for 2017, and from all of us at Marketview we would like to wish you a safe, happy and relaxing Christmas and New Year break, wherever you may be. Thank you for all your support over 2017, and we look forward to working with you in the New Year.

Week ending17 December 2017

Going upTakeaways +8.2%

Hardware and homeware +5.6%

Fuel +4.9%