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BNZ Marketview May 2014

Total online spending in May 2014 was up 7% on May last year.

Growth continues to ease – the underlying trend has now been fairly flat since February 2014.

Online spending at domestic online sites is up 4.6% on May last year. This is slower that the 5.6% growth rate in Statistics NZ’s Electronic Card Transactions figures (if we count similar industries), which predominantly includes physical stores.

Online spending by New Zealanders at offshore retailers is 11% higher than May 2013.

RURAL / URBAN RESIDENTS

Total online retail spending by rural New Zealanders has grown 20% over the 12 months to 31 March 2014, outpacing the 14% growth rate for urban residents.

The growth in online retail shopping has been especially strong for rural kiwis buying from international retailers, where spending has increased 27% over the year to March 2014.

Rural residents do more of their online shopping at domestic merchants than urban shoppers do. 67% of online retail spending by rural kiwis has been at domestic merchants’ websites. For urban shoppers, 61% of their online retail spending has been at domestic sites.

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