Shoppers feeling the pinch?

[MotherBear]

Shoppers spending less
11:15AM Tuesday August 14, 2007

Shoppers may be starting to feel the pinch as latest figures released today showed they are spending less.

Retail sales fell 0.6 per cent in the June quarter, Statistics New Zealand said today.

Economists had forecast flat sales. Today's number, which is seasonally and inflation-adjusted, follows the largest quarterly rise on record in the March quarter.

It's the first decline in 18 months, as appliance and vehicle sales in particular eased.

More here .