Monday 11th November 2013 |
Text too small? |
New Zealanders' retail spending on credit and debit cards rose last month, with core retail industries growing at the fastest pace since October 2002 when the series began.
Seasonally adjusted retail spending on electronic cards rose 1.1 percent to $5.95 billion in October, after a 0.3 percent fall a month earlier, and the eighth monthly gain this year, according to Statistics New Zealand. Core retail spending, which strips out spending on vehicles and fuel, climbed 1.8 percent to $3.63 billion.
Spending on durables climbed 4.3 percent to $1.1 billion and apparel gained 3.1 percent to $289 million in October. Spending on consumables increased 0.5 percent to $1.56 billion, hospitality rose 0.5 percent to $676 million.
Fuel spending was up 0.3 percent to $755 million and vehicles spending rose 4.5 percent to $127 million. Spending on services climbed 6.5 percent to $205 million and slipped 0.4 percent to $1.25 billion on non-retail industries.
Actual retail sales on electronic cards were up 7 percent to $6 billion in October from the same month a year earlier.
BusinessDesk.co.nz
No comments yet
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained
Devon Funds Morning Note - 23 April 2024
April 23rd Morning Report
RYM - Group CEO Update
BGI - Director Michael Chai
RAD - Final Dividend and Strong FY24 Operating Performance
RYM - Group CEO Update