Infometrics economist on retail spending fall during lockdown

Author
Newstalk ZB,
Publish Date
Tue, 23 Nov 2021, 7:17PM
(Photo / NZME)
(Photo / NZME)

Infometrics economist on retail spending fall during lockdown

Author
Newstalk ZB,
Publish Date
Tue, 23 Nov 2021, 7:17PM

The lockdown was always going to leave a gaping hole for retailers, but how big was the question.  

Now the verdict is in. 

Retail spending volumes fell 8.1 percent in the September quarter, with food and beverage spending falling 19 percent. 

Brad Olsen is Infometrics' principal economist and he joined Heather du Plessis-Allan. 

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