Consumers lift spending on credit, debit cards

The value of electronic transactions rose 0.5% from the previous month to $4.8 billion, according to Statistics New Zealand. Excluding fuel and auto-related spending, the value of transactions rose 1%.

There were 90 million card transactions in October, according to the report.

The NZSE Consumer Index, which tracks prices of retailers and other consumer-related companies, fell 0.9% today and is down 41% in the past 12 months, making it the second worst performing sector on the NZX after building materials and construction.

By Jonathan Underhill

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Smartpay Scheme Booklet and Notice of Meeting
September 18th Morning Report
Seeka Increases Forecast Full Year Earnings Guidance
TEM - Ability to invest in derivatives
Devon Funds Morning Note - 16 September 2025
September 17th Morning Report
MPG - Recapitalisation Closes Oversubscribed, Raises $23.9m
IPL - Indicative Issue Margin Range for Notes Offer
TWG partners with Tata Consultancy Services
Spark announces leadership team changes