Sharechat Logo

Credit card retail spending up in July

NZPA

Tuesday 9th August 2011

Text too small?

The value of electronic card transactions in core retail increased 0.5 percent in July, compared with June.

The figure is seasonally adjusted and excludes motor vehicle related industries, Statistics New Zealand said today.

Despite the increase, the value of total transactions was flat, up just 0.2 percent.

There were rises in all core retail industries in July, with hospitality (which includes accommodation, bars, cafes, restaurants and takeaway retailing) the main contributor to the increase, with a 1.5 percent rise.

SNZ said there have been consistent rises in hospitality since March.

When the two vehicle-related industries (motor vehicles/parts and fuel) were included, the value of transactions in retail increased 0.4 percent, it said.

Fuel retailing was down 1.4 percent in July, after falling 3.7 percent in June and 4.6 percent in May. These falls came after eight consecutive monthly rises and coincided with a recent decline in fuel prices.

Trends for the value of transactions have been increasing since January 2009. The core retail trend has generally been increasing since the series began in October 2002, with the rate of increase strengthening since December last year.



  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:

28th October 2021 Morning Report
Wellington Drive Technologies Limited (NZX: WDT) Performs Strongly in Q3-2021
Ryman Healthcare Limited (NZX: RYM) Acquires Extensions to Two Existing Victorian Sites
Promisia Healthcare Limited (NZX: PHL) Banking Covenant Update
Pictor Limited Announces Start of US Clinical Trials for SARS-CoV-2 Serology Test
Arvida Group Limited (NZX: ARV) Opening of Rights Offer
Move Logistics Group Limited (NZX: MOV) Announces $40m Capital Raise
27th October 2021 Morning Report
The a2 Milk Company Limited (NZX: ATM) Investor Day 2021
Contact Energy Limited (NZX: CEN) Considers Green Capital Bond Offer