The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: The growth outlook for New Zealand's retail sector is mixed. On the one hand the country
presents an open and attractive investment environment which will continue to draw in major global
retailers, with a number of new additions to the market expected in the coming year. On the other hand,
slowing economic growth will dampen household consumption growth in 2016, and the retail sector faces a
challenge from the weak local currency which is dampening sales volumes in US dollar terms. Essentials
spending will continue to account for the bulk of household spending, though we are seeing growth in other
sectors as the retail sector diversifies and retail options are expanded.
Key Views And Developments
? Overall we expect to see total retail spending increase from NZD106.5bn in 2016 to NZD124.6bn in
2020 - in US dollar terms growing from USD69.2bn to USD74.7bn - supported by rising household
income levels and steady employment levels.