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July Retail Surge Driven by Events and Fuel Prices | Auckland News
Retail spending surged in July with a 3.5% jump from last year, a strong rebound after a sluggish start to the year. Hospitality saw a 3.2% uptick, durable goods rose 2.5%, and clothing hit its biggest yearly gain in two years. Falling fuel prices and the men’s FIFA World Cup fueled the boost, drawing crowds to bars and restaurants. But July’s spike was aided by a perfect storm: Matariki public holiday, five Fridays, and the global event — making it hard to gauge if this is a lasting trend. Still, the jump in hospitality signals rising consumer confidence, offering hope for sustained…
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