Sharechat Logo

NZ electronic card spending lifts across all industries in June

Tuesday 10th July 2018

Text too small?

New Zealand retail spending on electronic cards rose across all industries for the first time in seven months in June. 

Seasonally adjusted retail spending on credit and debit cards rose 0.8 percent in June following a 0.6 percent lift in May, Statistics New Zealand said. Core retail spending, which excludes vehicle-related industries, rose 0.6 percent in June, matching the increase in May.

Card spending rose across all industries in June, the first broad-based lift since November last year. The largest movements were in consumables spending, which rose 0.6 percent, while fuel spending lifted 1.3 percent, durables spending advanced 0.5 percent, and apparel spending gained 1.5 percent.

“The lift in retail card spending was across the board, from food and liquor, furniture, hardware and appliances, petrol and cars, as well as a bounce back in clothing and footwear,” Stats NZ retail statistics manager Sue Chapman said. “The pick-up in spending on clothing and footwear could be attributed to the start of winter.”

Today's figures show actual total retail spending using electronic cards increased 4.9 percent in June to $5.1 billion compared with the same month a year earlier.

Card-holders across all industries made 140 million transactions in the month, down from 146 million in May. The average value of $49 was unchanged on the month and the year.

(BusinessDesk)

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar holds near 15-month high vs pound as Brexit woes threaten May's leadership
MARKET CLOSE: NZ shares gain as defensive stocks find favour; Contact, Meridian rise
NZ dollar firm against greenback as risk appetite ticks up
Cleantech start-up Mint Innovation raises $5.2M to prepare for commercial deployment
BurgerFuel starts full strategic review of business
NorthWest hires lobbyist to solicit Vital Healthcare votes
Greater transparency sought in gas sector
Cap proposed for transmission pricing changes
Ryman Healthcare: service provider or property play?
Wrightson shareholder Agria settles US fraud, market manipulation claims

IRG See IRG research reports