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Retail Spending Slows in June | Auckland News
Retail spending dipped sharply in June, falling $116 million—or 1.2%—from May, sending a chill through retailers hoping for momentum. While overall sales slowed, groceries edged up slightly, still lagging behind inflation. Meanwhile, spending on cars and personal services rose, hinting at a mixed economic signal. Global tensions, including renewed risks in the Strait of Hormuz, add pressure as shoppers may tighten belts further. Businesses face a tricky balancing act: absorbing rising costs while drawing in cautious consumers. Listen in comfort:Get a discount on a Soli Pillow…
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