Christchurch retail spending reaches $2 billion

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MIL OSI – Source: Statistics New Zealand – Christchurch retail spending reaches $2 billion

Christchurch city’s retail and hospitality spending reached $2 billion for the first time, Statistics New Zealand said today.

Retail and hospitality sales in Christchurch for the December 2014 quarter were $2 billion, a 4.1 percent increase compared with the same quarter in 2013. This compares with an increase of 4.7 percent at the national level (see Retail Trade Survey: December 2014 quarter).

For Christchurch city, after seasonal fluctuations are removed, retail and hospitality sales increased 1.1 percent in the December 2014 quarter, compared with an increase of 1.6 percent at the national level.

“Robust spending in hospitality businesses have contributed to the city’s total growth this December quarter,” business indicators manager Neil Kelly said.

Looking at the longer-term picture, the trend for retail and hospitality sales in Christchurch has risen 26 percent since the June 2010 quarter (before the quakes began). This compares with a 19 percent rise at the national level.

The Christchurch retail trade indicator series is an experimental series that measures activity in the retail and hospitality industries. Statistics NZ releases it to provide information on the state of these industries after the Canterbury earthquakes that began in September 2010. 

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Selwyn Manning, BCS (Hons.) MCS (Hons.) is an investigative political journalist with 23 years media experience. He specializes in reportage and analysis of socioeconomics, politics, foreign affairs, and security/intelligence issues.
Selwyn has extensive experience as a commentator and has provided live political analysis to a wide range of television and radio organizations broadcasting in New Zealand, Australia and globally including the BBC (Five Live, London) and BBC (World Service). He is currently a correspondent to Australia’s FiveAA radio, and is a regular live-on-air panelist on Radio New Zealand’s The Panel with broadcaster Jim Mora.

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