Taranaki continues to be ahead of the national average for retail spending

Taranaki retail statistics for the week ending 5 July 2020 show that Taranaki is still tracking ahead of the national average for spending. Local spending is also up compared to this time last year. The sustained above-national-average in retail spending is likely to aid with the recovery of Taranaki’s economy post COVID-19.
 
When compared to the retail spend this time last year, spending is up 5.9%, ahead of the national average, which is at 3.9%. This is the seventh week in a row that Taranaki has been ahead of the national average.
 
Taranaki’s transaction volume is down 1.5% from this time last year. However, this figure remains ahead of the national average transaction volume, down 2.4% from this time last year.
 
Venture Taranaki’s General Manager Regional Strategy and Sectors, Anne Probert, can see the benefit of Taranaki’s sustained retail spend, “The Go Local campaign has really resonated with our community, and provides much-needed support for our local enterprises, helping to keep people in jobs, and our economy going.”
 
“Retail spending is only one aspect of our economy in Taranaki, and consciousness of where spend is going, whether that be through work tenders, supply chain decisions, project work, or ordering small items can all make a difference for our recovery, post COVID-19.”

See the stats here.