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Retail spending in Christchurch increases

NZ Newswire logoNZ Newswire 23/09/2016

Retail spending in Christchurch is up nearly five per cent on the same quarter last year and the government says that's evidence of the city's ongoing recovery.

Statistics NZ figures released on Friday show total retail and hospitality spending in the June quarter was $1.9 billion, up 4.8 per cent on the June quarter last year.

"This is great news for Christchurch's economy, recovery, and residents," said Gerry Brownlee, the minister supporting the city's regeneration.

"The trend for the combined retail and hospitality sales in Christchurch has risen 34 per cent in the six years since the June 2010 quarter, just before the region's earthquake sequence began."

Mr Brownlee says new hospitality outlets are opening all the time and new retail tenants are being signed up.

"After the successful opening of stage one of the BNZ Centre in the retail precinct, stage two is on track to open in December this year and will include Michael Hill, Pandora, Spark and New Zealand fashion store Repertoire," he said.

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