Sharechat Logo

Durable goods, fuel boost card transactions

Monday 11th April 2011

Text too small?

Sales of durable goods such as furniture and appliances helped boost electronic card transactions during March in the retail sector, but rising petrol prices also played a key role.

Figures from Statistics New Zealand (SNZ) today show a seasonally adjusted 0.5% rise in total electronic card transactions last month, while the retail industries were up 1.3%, and core retail - which excludes vehicle-related industries - rose 0.9%.

The actual value of transactions in core retail was 5.2% ahead of a year earlier.

The rise in core retail was driven by a seasonally adjusted 2.5% rise in sales of durables, which had fallen 2.4% in February, SNZ said.

Fuel retailing, which affected the overall retail figures but not core retail, was up 2.1%, having increased in each of the past eight months.

Transaction values in the two industries that fall outside retail both fell in March, resulting in the increase of just 0.5% in the total value of card transactions. Services were down 1.3%, and non-retail transactions excluding services fell 1%.

 

NZPA



  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:

TruScreen Group Limited (NZX: TRU) Clinical Trial Results Highlight Efficacy of TRU Technology
20th October 2021 Morning Report
Freightways Limited (NZX: FRE) Acquisition of ProducePronto
19th October 2021 Morning Report
PGG Wrightson Limited (NZX: PGW) Guidance Update
Vital Limited (NZX: VTL) Provides Update on PSN LMR
18th October 2021 Morning Report
T&G Global Limited (NZX: TGG) FY21 Earnings Guidance Update
Arvida Group Limited (NZX: ARV) Successful Completion of $155m Placement
FreshLeaf: Cannabis on course to be 'medicine of the masses'