Christchurch spending continues to grow
Christchurch spending continues to grow
19 December 2014
Christchurch's growth in retail and hospitality spending continues to outpace that at the national level, Statistics New Zealand said today.
For Christchurch city, after seasonal fluctuations are removed, retail and hospitality sales increased 1.2 percent in the September 2014 quarter. Nationally, sales rose 0.9 percent (see Retail Trade Survey: September 2014 quarter).
"Increased spending in retail and hospitality businesses has further widened the gap in growth for Christchurch ahead of the rest of the country," business indicators manager Neil Kelly said.
Looking at the longer-term picture, the trend for retail and hospitality sales in Christchurch has risen 25 percent since the June 2010 quarter (before the quakes began). This compares with a 17 percent rise at the national level.
In actual terms, retail and hospitality sales in Christchurch were 7.1 percent higher in the September 2014 quarter than in the same quarter in 2013.
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.
For more information about these statistics: Visit Christchurch Retail Trade Indicator: September 2014 quarter
ENDS