Nick Brunsdon: Infometrics Principal Economist on consumer spending continuing its rise in February

Consumer spending has increased in February, signalling a positive recovery within the retail sector.  Worldline NZ’s payments network shows spending reached more than $3.6 billion, up 2.2% on February last year.  The Auckland and Northland regions saw a lift of 2.8% year on year – the most growth the area has seen in a single month in nearly two years.  Infometrics Principal Economist Nick Brunsdon told Mike Hosking consumer confidence is continuing to grow.  He says December saw a 4.9% in retail trade, so it's all pointing in the same direction.  LISTEN ABOVE  See omnystudio.com/listener for privacy information.