The annual growth rate picked up in Auckland/Northland during October, rising to 5.1% which is above the 12-month average of 3.3%. Excluding petrol stations, the ex-fuel annual growth rate was also 5.1% and up on previous months, suggesting the region is coping well with the sharp rise in fuel prices in recent months. Spending at housing-related merchants, up 9.8%, is a key driving force. A countering force remains lower spending (-9.8%) amongst Auckland/Northland accommodation merchants.

Further sign of consumers shrugging off the higher petrol prices was strong spending growth during Labour weekend. Spending nationally was up 8.1% amongst non-fuel merchants over the weekend, including 22.1% more at liquor merchants and 21.5% more amongst hardware and home decorating stores. Excluding fuel, highest growth rates were recorded away from the major centres at West Coast (19.9%), Gisborne (+15.1%), Whanganui (+13.0%) and Southland (+13.7%).

Monthly Release Graph November

Figure 1: Paymark All Cards regional transaction data (recent months versus same months a year earlier)

Bay of Plenty also recorded double-digit annual growth over Labour weekend but this was surpassed by an 11.1% annual non-fuel growth rate on Wednesday 31 October, the day of the royal visit to Rotorua. Conversely, below average non-fuel spending growth was reported in the days before in Wellington on Sunday (5.5%), Nelson on Monday (1.2%) and Auckland/Northland on Tuesday (0.1%), providing mixed spending effects coinciding with the royal visit.

Spending across all regions over the month was up only 0.1% since September in seasonally adjusted terms, and was unchanged once  fuel sales were excluded, but the national annual growth rate of 6.4% remains similar to the average of the previous 12 months. Spending growth was strongest in Gisborne (+14.0%), Palmerston North (+12.8%), Whanganui (+12.3%) and Wairarapa (11.0%). Slowest annual growth was recorded in Canterbury (4.7%).

[{"name":"Auckland\/Northland ","color":"#187ed6","series85_value":"44.54","series85_change":"4.9","series86_value":"2133","series86_change":"5"},{"name":"Waikato ","color":"#1e8ede","series85_value":"8.45","series85_change":"7.5","series86_value":"382","series86_change":"9"},{"name":"Bay of Plenty ","color":"#2296e1","series85_value":"7.66","series85_change":"9","series86_value":"357","series86_change":"9"},{"name":"Gisborne ","color":"#269ee6","series85_value":"1.07","series85_change":"11.2","series86_value":"46","series86_change":"14"},{"name":"Taranaki ","color":"#2aa5e9","series85_value":"2.4","series85_change":"7.7","series86_value":"105","series86_change":"10"},{"name":"Hawke's Bay ","color":"#2aa5e9","series85_value":"3.29","series85_change":"6.2","series86_value":"149","series86_change":"8"},{"name":"Wanganui ","color":"#31b6f1","series85_value":"1.31","series85_change":"9.8","series86_value":"53","series86_change":"12"},{"name":"Palmerston North ","color":"#33bef6","series85_value":"3.68","series85_change":"8.1","series86_value":"184","series86_change":"13"},{"name":"Wairarapa ","color":"#36c7fa","series85_value":"1.15","series85_change":"10","series86_value":"50","series86_change":"11"},{"name":"Wellington ","color":"#36c7fa","series85_value":"12","series85_change":"5.5","series86_value":"503","series86_change":"6"},{"name":"Nelson ","color":"#33c7da","series85_value":"2.01","series85_change":"3.3","series86_value":"98","series86_change":"5"},{"name":"Marlborough ","color":"#31c8cb","series85_value":"1.26","series85_change":"9.1","series86_value":"62","series86_change":"10"},{"name":"West Coast ","color":"#2dc9c1","series85_value":"0.67","series85_change":"7.2","series86_value":"34","series86_change":"9"},{"name":"Canterbury ","color":"#2bcaa6","series85_value":"12.32","series85_change":"4.4","series86_value":"567","series86_change":"5"},{"name":"South Canterbury ","color":"#2bcaa6","series85_value":"1.64","series85_change":"5.5","series86_value":"82","series86_change":"7"},{"name":"Otago ","color":"#27cb8c","series85_value":"6.32","series85_change":"6","series86_value":"295","series86_change":"6"},{"name":"Southland ","color":"#27cb8c","series85_value":"2.4","series85_change":"7.7","series86_value":"119","series86_change":"11"}]
[{"id":"series85","name":"Volume","type":"plain"},{"id":"series86","name":"Value","type":"plain"}]

Paymark all card data

Download CSVDownload CSV

  • Auckland/Northland
  • Waikato
  • Bay of Plenty
  • Gisborne
  • Taranaki
  • Hawke's Bay
  • Wanganui
  • Palmerston North
  • Wairarapa
  • Wellington
  • Nelson
  • Marlborough
  • West Coast
  • Canterbury
  • South Canterbury
  • Otago
  • Southland

Like what you've read?

Then why not subscribe. From time to time we'll be in touch with similar content.