A temporary slowdown
Westpac senior economist Satish Ranchhod discusses how household spending growth has slowed in early 2019.
Here we go again
After losing some steam over 2018, another year of moderate growth in retail spending is on the cards for 2019.
Mix it up – Changing conditions in the New Zealand economy
The pace of economic growth has taken a step down as conditions in the New Zealand economy have become increasingly mixed.
Don’t stop me now
In terms of retail spending, New Zealand households ended 2017 with a bang, and it looks like the party has continued in the early part of 2018. However, despite this firmness in spending levels, retail price inflation remains stubbornly low, writes Satish Ranchhod, Westpac senior
Throttle back: Consumer growth for 2018
Westpac's senior economist, Satish Ranchhod, talks about how consumer spending is set to continue growing at a firm pace over the coming year.
Retail spending to slow this year
2016 was a record year for retail spending in New Zealand, but as we enter 2017, some of the key drivers of activity in the economy have started to shift. Westpac senior economist Satish Ranchhod warns that consumer spending may drop.
Hospitality booms, retail spending sluggish
Over the past year, spending by New Zealand households grew by 2.7 percent (excluding the effects of price changes). Westpac senior economist Satish Ranchhod breaks down what’s driving this.
Household debt levels soar
Household debt levels are now higher than before the Global Financial Crisis. Westpac senior economist Satish Ranchhod foresees these debt levels leading to an eventual reduction in spending.
Spending growth stays solid
It’s shaping up to be a positive year for the retail sector, says Westpac senior economist Satish Ranchhod. He picks apart the factors supporting consumer spending and forecasts some variability in this opinion column.
Recent price competition is likely to continue
Since 2010, the overall level of retail prices in New Zealand has essentially been flat. That’s a big change from preceding years when retail prices were rising by around two percent annually. Westpac senior economist Satish Ranchhod explains why this is happening.
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