Sharechat Logo

Electronic card transactions flat

Friday 10th June 2011

Text too small?

The seasonally adjusted value of total electronic card transactions was flat (down just 0.1%) in May 2011 compared with April 2011, Statistics New Zealand said today.

The value of transactions rose in five industry groups, but fell in three.

Core retail (which excludes the motor vehicle-related industries) was also flat, down 0.1% in May 2011. This follows increases of 1.1% and 1.5% in March and April, respectively. The biggest movements this month were in durables (down 1.1%) and hospitality (up 1.6%). The durables industry includes furniture, hardware, and appliance retailing; and the hospitality industry includes accommodation, bars, cafes, and restaurants.

When the two vehicle-related industries are included, the value of transactions in retail decreased 0.8%. This decrease was led by fuel retailing (down 4.1%), its first fall since July 2010.   

The two industries that fall outside retail both rose in May 2011, resulting in the total value of transactions remaining flat.

Trends for the value of transactions in the total and retail series have been increasing since January 2009, and the rate of increase has been strong in recent months. The core retail trend has generally been increasing since the series began in October 2002, and the rate of increase has been fairly constant since December 2010.

This information release includes data for Canterbury. However, as the data is not broken down by region we are not able to separate or estimate the impact of the recent earthquakes on the data.



  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:

New Zealand Rural Land Company Limited (NZX: NZL) Agreement to acquire large scale dairy asset portfolio
EROAD Limited (NZX: ERD) launches Clarity Solo Dashcam
22nd October 2021 Morning Report
Pictor ready to roll out game-changing COVID antibody test in New Zealand
Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report
Greenfern Industries Limited (NZX: GFI) L&Q Notice
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