Strong transactional activity on electronic cards confirms that June 2015 was a strong close to a strong first half year. Business commentator Warren Head picks apart what happened.
March quarter retail activity was extremely strong, with a rise in real retail sales of 2.7 percent beating market forecasts. Columnist Felix Delbruck, a senior economist at Westpac, said at the time that this was the biggest quarterly lift since the data series begin in September 2003.
Retail NZ has slammed the government for its failure to act on the hot issue of GST on low-value imports.