Spending bounces back with hardware & homeware +11.3% in the week ending 10 February.
Latest Stats NZ figures show January card spending on core retail was +2.2% and +5% on durables.
Ready-mixed concrete production remains high but flattened in 2018 after 6 years of growth.
Wellington in particular spends up large on hardware & homewares in the w/e 03 Feb (+13.7%).
January index says that Kiwis are "feeling pretty good about things" with "slightly above-average confidence regarding their own situations".
Total value ends 2018 just 1% down on 2017 (total +6.6%; residential +5.4%, non-residential +9%).
Nov-Dec proved less worrisome than expected, but the Jan-Feb period has yet to show its true colours.
Growth slows but Northland, Gisborne, Nelson spend money bettering their homes in week ending 27 Jan.
But total online spending grew just 6% thanks to an unusual fall in spending on international websites.
Home improvement appears to have resisted the general slowing of spending growth in the last quarter of 2018.
Spending in department stores was +7.2% in the week ending 20 January; the regions also see a boost.
Spending at Hardware & Homeware retailers was +7.6% in the week ending 13 January.
Worse, durables fall 4.4% in December electronic card transactions, the largest drop since Oct 2010...
Residential consent value +0.3%, non-residential +51%, total value +15% on November 2017.
Spending for w/e 6 January 2019 at Hardware & Homeware retailers is +24.7% on last year.
Spending on hardware, home decorating was +6.1%, well above overall flat spending growth (+1.2%).
As forecast, data on the October month confirms that debt levels on the CRISworks database have continued to climb and are now sitting at the highest levels so far this year.
Paymark confirms latest non-fuel spending growth is low, negative in Auckland-Northland and Wairarapa.
Spending drops 2.2% in the week ending 2 December as shoppers "take a breather" after the sales...
October's online spending stats show a big gain in Furniture, Housewares & Hardware at +13%.
Spending on appliances was +40% in the w/e 25 November, well in excess of overall spending growth.
The value of building consents turns from soundly negative in Aug and Sept to fully positive in Oct.
Impressive increase or softer than expected? Black Friday spending at core non-food retail is +20% on 2017...
Hardware channel debt stays high - expect it to climb higher post-Christmas.
Consumer spending volume was high but the value low for the week ending 11 November.
"Most retail industries showed softer results in October, except the fuel industry..."
Spending for w/e 4 Nov shows growth in the value of the average transaction
Spending for w/e 28 October: value overtakes volume as spending lifts before Halloween.
Spending at local websites grew more strongly (+15%) than at overseas retailers (+7%).
By value, residential consents down 9% non-residential +2%, total consents down 6%. YTD still positive.
Retail NZ: Peak season to be positive, although cost pressures remain, and competition is still tough.
Fuel and liquor are the big risers in consumer spending for w/e 21 October...
Consumer Spending Series for w/e 14 October confirms spending growth has slowed.
Stats NZ's September quarter CPI data highlights construction costs as a key driver of the latest increase.
Fuel price increases are another factor in consumer spending for the week ending 7 October.
Actual electronic card spending on retail was $16b (+5.2%) in the September 2018 quarter.
Following July's warning signs, August debt is "steady" but is there worse to come?
Spending report for w/e 30 September also highlights trend towards smaller, more frequent, purchases.
August online spending at Furniture, Housewares & Hardware retailers was +11%.
August residential consents are negative 3% by volume and by value, non-residential value minus 15%.
Overall, spending fell only marginally by value in the w/e 16 September while transactions rose...
Spending on furniture was a massive +17.8% for the w/e 9 September - clearance sales the driver?
Fuel spending helped increase August electronic card spending (actual +6.3% on August 2017).
Stats for July show both good growth and some weakness in the market but July data indicates a “vulnerable” commercial sector.
Appliances apart, spending growth was soft in the first week of spring (w/e 2 September)...
The actual value of building work put in place was +7.6% for residential, +9% for non-residential.
Online spending on Furniture, Housewares & Hardware +8%, lagging overall market growth (+13% on 2017).
Spending gains were good in w/e 26 August, particularly for hardware & homewares retailers (+5.8%).
July's total consent value is negative 2% but YTD July 2018 total is still +10%.
The outlook is for "ongoing growth ... at a more modest pace – provided we don’t talk ourselves out of it"...
Retailers' outlook for the current quarter has taken "a negative turn", cost pressures to mount.
Spending on appliances was +7.9% in the week ending 19 August - shifting winter sales the cause?
Spending hikes led by hardware & building supplies +4.9% ($99 million) in June quarter.
Big spending growth in w/e 12 August, driven by higher fuel and liquor prices and travel.
Inclement weather is still affecting the construction sector, according to the latest data.
Released yesterday, the 2018 National Construction Pipeline report predicts sustained building growth for the next five years.
June 2018 consents back to double digits: total value for the month +13%, YTD total value +11%.
Growth in online spending with Kiwi retailers (+12%) continues to outpace international (+7%).
Negative growth in spending for the week ending 22 July, even FMCG fell...
Spending stats for w/e 15 July show more transactions are taking place but for smaller values.
Double-digit spending growth on fuel, travel & appliances for w/e 8 July reflects better week overall.
Card spending was slightly up in the June month but fell marginally for the June 2018 quarter.
Data for May 2018 from CreditWorks Data Solutions still shows overall debt levels at all-time highs...
Kiwis are buying smaller value items and shopping online more regularly, says NZ Post e-commerce review.
Surprise surprise, fuel spending is +25% in w/e 1 July, other spending growth stays in single digits.
Hardware & homeware spending in w/e 24 June was +7.7%, but sports, liquor saw the strongest growth.
10% growth for May online spending with Furniture, Housewares & Hardware the star at +25% on 2017.
By value, May residential consents were +13% on May 2017, non-residential +9% and +11% overall.
W/e 17 June 2018, Kiwis spent 1.3% more than last year but transactions increased by 2.1%.
Report says average cost of building a home has risen 30.7% since 2007 and by 3.4% since April 2017.
New report says the cost of land is adding to the housing supply constraints around Auckland.
Appliance stores see another big spending hike (+12.2% in w/e 3 June), department stores too.
Actual value of total building work was $5.3 billion (+7%), residential, non-residential growth strong.
Data for April 2018 shows a slight improvement in DSOs but debt continues to climb.
Actual April residential +27% by volume, +22% by value, YTD residential value growth still double figures.
Survey says retailers that offer contactless do twice as well as those who don't by value and volume.
YTD online spending is now approximately $4.3 billion, or 7.7% of total retail sales.
Stats NZ says April's negative result is "unusually large", driven by groceries, liquor and fuel.
March 2018 data from CreditWorks shows its CRISworks database has reached a new peak.
Card spending rebounds during March from the February dip, with spending on durables +1.2%.
Data for February 2018 from CreditWorks shows debt may be down but stresses are growing.
Councils that allowed businesses to trade contributed to a 23% increase in Easter Sunday spending.
Residential volume is marginally down on Feb 2017 but value is +5%. Residential value YTD is +9.3%.
Hardware & homeware spending +11% for w/e 11 March. Plus, Waikato is a spending hot spot.
Data for the January 2018 month suggests it could be an atypical February...
Figures say 2017 hardware, building & garden supplies retail sales reached $8.1b (+5.4% on 2016).
Building work put in place $21.2b (+6.8%), residential $13.9b (+9.7%), non-residential $7.4b (+1.8%).
By value, residential consents were +22% (+9.4% by volume), non-residential +42% by value.
Spending on appliances week ending 18 February was up again at +13.8%, way ahead of the market.
Overall, online spending was +7% on December 2016, but spending rebounded in January.
Biggest growth was spending on appliances over the week including Waitangi Day (w/e 11 February).
Data for Nov and Dec 2017 from CreditWorks confirms end of year debt reduced alongside work levels.
Appliances experience another spike with spending +13.3% for week ending 4 February.
Consent numbers for calendar year 2017 lack the double digit growth of the last few years.
Spending growth returns as people go back to work; also in review, spending's pre-Xmas peak...
December's actual core retail spending was $5.78 billion, +3.7% on December 2016.
Online spending on Furniture, Housewares & Hardware was +14%, double overall online growth.
By value, total consents were +17%. Residential consents were +11%, non-residential +34% by value.
Consumer Spending Series for w/e 7 January shows spending last week was 5% down on same time last year.
$59 billion was spent through Paymark for the year. Growth softened slightly around major centres.
Spending under 2% up on 2016 for the week ending 10 December, but Hardware & Homeware is +9%.
Data for October 2017 from CreditWorks confirms the previous outlook – more of the same.
Spending online on Furniture, Housewares & Hardware slows to 4% in October.
Consumers "take a breather" after Black Friday but hardware & homeware spending still +8.2% on last year
Actual value of total building activity was +6.4%, residential +9.7% and non-residential +0.6%.
October 's just released residential consents: slight fall in volume but value is +8% with YTD +7%.
Data for September 2017 from CreditWorks Data Solutions confirms last month’s forecast that debt levels would stabilise and DSOs improve.
Consumer Spending Series shows hardware & homeware spending +13.8% for w/e 12 Nov.
BNZ Marketview stats also say online spending on Furniture, Housewares & Hardware was flat.
Rider Levett Bucknall’s Q4 2017 crane count also says activity dipped for the first time since 2015.
Elsewhere gardening and DIY weren't a priority as NZ hardware & homeware spending rose just 1.4%.
Total Kiwi online retail shopping was +12% on Aug 2016. Spending offshore was +14%, local +10%.
Latest stats for w/e 3 Sept put overall spending growth at less than 2% - is the Election to blame?
But it was slightly down on the March quarter, according to Stats NZ's latest figures.
Volume of hardware and homeware spending +10.5% w/e 27 August, value growth more modest.
Total online spending on Furniture, Housewares & Hardware for July is +6%, slightly behind the market.
August spending kicks off "with a hiss and a roar"; liquor, takeaway and fuel biggest growers.
Hardware, Building & Garden Supplies takes in $1.8 billion (+6.8%) in June quarter's RTS figures.
Latest BNZ-Marketview spending stats for w/e July also show gas prices +8.4%, as scrutiny lessens.
Dwellings are +4.7% YTD but the June month saw a drop in volume and value also for non-residential.
Updated: Latest Weekly Consumer Spending Series shows hardware & homeware spending just +0.5%.
New "experimental" stats show last year it took 10 months to build a house from consent to completion.
Spending on hardware and homeware +4.5% in latest BNZ Marketview Consumer Spending Series.
Stats NZ reports record annual net migration for the year to May 2017 driven by mainly non-NZ citizens.
But stats for w/e 11 June have hardware & homeware spending +8.37% by value and +5.8% by volume.
Apparel gains despite slight dip in core retail spending in May 2017 Electronic Card Transactions.
Hardware and apparel down on 2016 in BNZ-Marketview's Consumer Spending Series for w/e 4 June.
Residential work in train has eased, while non-residential has fallen compared to the Dec 2016 quarter.
BNZ Marketview Weekly Spending Series for w/e 28 May has value growth at +2.2%, volume +4.8%.
Cyclone Cooke had an impact says the BNZ Weekly Consumer Spending Series for w/e 16 April.
February's dwellings volume +1.6% on Feb 2015 but value is negative 2%. Overall consent value +1%.
Debt figures from CreditWorks for February 2017 show the effect of recent short months.
Are Statistics NZ's January 2017 residential consent figures reason for concern? Could be...
BNZ's Consumer Spending Series w/e 5 February has hardware & homeware +21.1%, ahead of fuel and food!
But year end stats for Jan-Dec 2016 show dwelling consents +10.5% by volume, +19% by value.
But Stats NZ's November consent data confirms 11-year dwelling high by volume.
Our final report on debt in the channel for 2016 from CreditWorks shows debt level down but warns now is not the time to leave your debtors to their own devices.
Our regular report on debt in the channel for October shows debt levels remained steady.
As predicted, there was little change in either ageing or overall debt during September.
Debt may have fallen in June but it's still above last year's level - what's the forecast?
Data from CreditWorks suggests that, although collections are improving overall, debt is a concern.
April’s debt figures show further improvement for the building materials industries, with a couple of exceptions.
Although February proved troublesome for some in the industry, March brought some respite.
Reduced building activity during the summer months continues to be good for the channel's debt levels.
on the side
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