The release of the Bank of New Zealand’s retail sale statistics show that online retail spending is up 16 percent compared to the same time last year.
Both international and local merchants enjoyed a jump in their online sales over the December Christmas period. As well as this, local online spending was found to have outpaced instore spending over retail’s busiest period.
Kiwi consumers are feeling a whole lot better about the economy than their Australian neighbours across the ditch, MasterCard reports. However, New Zealand may just look good in comparison to Australia’s dire situation, as BNZ is reporting a grimmer outlook.
Total online spending in New Zealand has reached more than $3 billion, BNZ has announced, as overseas sales continue to grow. The bank’s quarterly update shows Kiwis’ international online spend continues to soar above domestic online spend, with international purchases up 14 percent from April last year. Domestic spending was only up 3 percent.
Spending this year for the three days of Easter (Monday wasn’t included) was down 3.4 percent, compared to the year previous. BNZ notes that though it looks like a tough week for retail, the report includes the Easter weekend and Good Friday, where not much action happens.