Spending on furniture, electrical, and hardware goods surges

Card spending on furniture, electrical, and hardware goods surged to unusually high levels in May, after a big drop in April, Stats NZ said today.

The actual value of card spending on furniture, electrical, and hardware goods rose to $674 million in May, $93 million (16 percent) higher than May 2019. This came after falling to a low of $138 million in April, during the COVID-19 level 4 lockdown.

When adjusted for seasonal effects, spending on furniture, electrical, and hardware goods rose $573 million in May, following a $490 million fall in April.

“This brought furniture and hardware spending to a higher level than usual, which could be due to pent-up demand because such non-essential businesses were closed during the level 4 lockdown in April,” retail statistics manager Kathy Hicks said.

Month“FurnitureRecreational goodsDepartment storesPharmaceutical and other store-based retailing
May-17 electrical and hardware retailing”125186000298596000262582000
Jun-17595402000125608000285134000268894000
Jul-17598083000129224000292432000272456000
Aug-17598406000126982000287304000272464000
Sep-17596592000125646000281084000270873000
Oct-17597804000127841000290837000276424000
Nov-17606555000127294000284569000283461000
Dec-17611293000129719000282049000286409000
Jan-18614767000126861000276859000295531000
Feb-18611506000125699000274192000298406000
Mar-18610385000125610000285561000299195000
Apr-18620649000128011000282364000305213000
May-18613932000127707000283998000304934000
Jun-18619282000129331000292105000306271000
Jul-18612206000130027000292666000312374000
Aug-18613855000130532000297259000313853000
Sep-18618969000132853000301882000320179000
Oct-18620637000134243000301497000317952000
Nov-18624152000132137000303736000316560000
Dec-18627728000130588000299225000302757000
Jan-19615645000132704000310590000319798000
Feb-19626353000131125000305286000319155000
Mar-19623204000132704000292550000318051000
Apr-19617961000135377000313771000319584000
May-19623424000135218000302516000324031000
Jun-19620903000137691000314563000327905000
Jul-19632182000134080000315830000324579000
Aug-19626239000140465000321566000332100000
Sep-19633696000139196000318552000336180000
Oct-19637501000138648000324346000333667000
Nov-19620995000147634000329087000357011000
Dec-19652526000147226000321817000356297000
Jan-20633327000149123000321667000357445000
Feb-20633468000150562000332372000353988000
Mar-20638082000137587000298152000345819000
Apr-206366410002688600098171000114259000
May-20146262000160060000332804000303855000

Businesses re-opened as New Zealand moved to alert level 3 near the end of April and then to level 2 halfway through May.

“People may have been waiting to buy hardware to finish off DIY projects started during lockdown.”

Lower-level card spending

Stats NZ is continuing to release lower-level electronic card data to better understand the impacts of COVID-19 on consumer spending.

Eating out heads up but accommodation remains quiet

There was a strong rebound in buying takeaways and eating out in May as we moved to alert level 2. Accommodation was still a fraction of pre-COVID levels, reflecting the lack of international visitors.

MonthAccommodationFood and beverage services
May-17166907000743787000
Jun-17161077000745160000
Jul-17182651000787994000
Aug-17168630000760270000
Sep-17171301000765724000
Oct-17202567000798069000
Nov-17221617000800917000
Dec-17247998000894701000
Jan-18271868000810936000
Feb-18249624000769374000
Mar-18258242000867974000
Apr-18206783000819915000
May-18171668000802647000
Jun-18161844000796672000
Jul-18188980000827724000
Aug-18184597000826055000
Sep-18186626000822126000
Oct-18215131000837449000
Nov-18238334000860472000
Dec-18256489000947912000
Jan-19283262000872199000
Feb-19258163000824297000
Mar-19259200000928857000
Apr-19221331000857441000
May-19177381000869461000
Jun-19163244000844267000
Jul-19186658000865520000
Aug-19186649000886725000
Sep-19186976000858385000
Oct-19213478000897189000
Nov-19239510000924391000
Dec-19258089000988596000
Jan-20284443000928529000
Feb-20262212000892875000
Mar-20162500000662446000
Apr-201281900043743000
May-2054687000564614000

Liquor and specialised food sales rebound

“Sales of liquor and specialised food picked up again as these stores re-opened, while supermarkets continued with their strong sales,” Ms Hicks said.

In a typical month, spending on liquor and specialised food combined is around 17 percent of total consumables spending. In April, this figure fell to just 5.5 percent, largely recovering to 15 percent in May.

LiquorSpecialised foodSupermarket and grocery stores
Feb-207.89.53382.667
Mar-207.3818.17784.442
Apr-202.3793.13594.486
May-207.2667.58185.153

See Electronic card transactions: May 2020 for more detail and to download data.

Key travel restrictions and COVID-19 Alert system timeline

19 March 2020: New Zealand’s borders closed to almost all travellers, except for returning New Zealanders.

23 March 2020: New Zealand enters COVID-19 alert level 3

25 March 2020: New Zealand enters COVID-19 alert level 4

27 April 2020: New Zealand enters COVID-19 alert level 3

13 May 2020: New Zealand enters COVID-19 alert level 2

/Stats NZ Public Release. View in full here.