After passing 100 days without community transmission of COVID-19, and with life returning to normal (minus international travel), New Zealand consumers threw open their purse strings:
“For a third consecutive month, card spending on the long-lasting goods (durables) remained at higher levels than last year, after falling sharply during April’s COVID-19 lockdown when stores were shut,” retail statistics manager Kathy Hicks said.
In actual terms, spending on durables had the largest retail industry increase, up $259 million (20 percent) compared with July 2019.