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BNZ Market View June 2015

Total online retail spending in June was up 19% compared to June 2014 levels, with double-digit annual growth in purchases at both local and international sites.


Spending at international sites followed a strong May with an even stronger June, with spending up 29% on June last year. The New Zealand dollar was particularly weak compared to the same month a year ago - down 19% against the US dollar and 12% against the UK pound. This is making overseas goods more expensive, (which partly contributes to the higher spending figure), but underlying volumes are continuing to rise regardless.

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