New Zealand hospitality sector contracts as consumer spending declines

Recent ANZ data reveals a sharp drop in consumer spending during August, significantly impacting New Zealand's hospitality industry despite resilient performance in travel and entertainment segments.

3 Sept, 23:28 — 3 Sept, 23:28

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rnzHigh13h ago

Hospitality suffers as spending falls sharply in August

Travel, recreation and movie theatres remained bright spots, new data from ANZ shows.

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New Zealand hospitality sector contracts as consumer spending declines

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Hospitality suffers as spending falls sharply in August

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