Brad Olsen: Infometrics Principal Economist on retail spending being 'stronger than expected' for December

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Recorded21 Jan 2025

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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. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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