December 2019 Marketview Update
The Marketview* report for the December quarter for 2018 was released last week and contains some positive indicators for the Turangi area.
Turangi recorded a 7.5% increase in spending compared to the same three month period last year (Sept - Dec 2017 vs 2018), with a total value of $17,154,821 spent.
The Central area recorded the highest value of spending (almost $11m) whilst the Industrial area had a massive 25.2% increase in spend.
With regards to category spend, commercial accommodation and recreation were lower than last year, but all other sectors were higher - with Food & Beverage recording a 24.3% increase and Hardware/Homeware recording a 24.6% increase.
To read the full report, please click here.
*Marketview represents the total value of electronic card retail transactions. Statistics NZ report just under 70% of total retail is paid with an electronic card.