Friday 13th January 2017 |
Text too small? |
New Zealand seasonally adjusted retail spending on electronic cards eased in December although actual retail spending reached the highest-ever monthly figure as the tourism boom continued.
Retail spending fell a seasonally adjusted 0.1 percent last month, after a 0.1 percent drop in November and a 0.5 percent rise in October, Statistics New Zealand said. Actual retail spending climbed 5.8 percent to $6.5 billion in December from the same month a year earlier.
"This is the first month card spending in hospitality exceeded $1 billion," business indicators manager Tehseen Islam said. "The higher hospitality spending coincides with a period of rising international tourism and residents enjoying Christmas and New Year holiday breaks."
Core retail spending, which excludes vehicle-related industries, dropped 0.8 percent in December from November, with spending on durables down 1.5 percent. Hospitality rose 0.5 percent and apparel was up 1.3 percent.
Of the non-retail industries, non-retail excluding services was unchanged from November while spending in the services industry rose 1.1 percent.
Spending on fuel rose 4.4 percent, while vehicle spending slipped 0.1 percent.
In actual terms, card-holders made 153 million transactions in December with an average value of $54.
BusinessDesk.co.nz
No comments yet
TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report
IKE Announces equity raising of A$20 million
Chorus full year results date
FPH 2025 Notice of Annual Meeting and Voting Form
July 10th Morning Report