Sharechat Logo

NZ credit, debit card spending rises in December on higher fuel costs

Tuesday 16th January 2018

Text too small?

New Zealand retail spending on electronic cards gained in December for the fourth month in a row, driven by higher fuel prices.

Seasonally adjusted total retail spending on credit and debit cards - including vehicle-related spending - increased 0.5 percent in December,  boosted by a 4 percent rise in fuel spending to $618 million, Statistics New Zealand said in a statement.

Core retail spending, excluding fuel and vehicles, was down 0.2 percent in December, after three consecutive monthly rises. Shoppers spent 2.2 percent less on clothing and 0.1 percent less on hospitality in December. 

Spending on furniture, hardware, and appliances (durables) was unchanged in December, after a 1.2 percent rise in November. Durable industry figures are provisional for December and may be updated in the future, as more detailed data becomes available, Stats NZ said. 

Today's figures show actual total retail spending climbed a provisional 3.3 percent to $6.68 billion in December from the same month a year earlier. Card-holders across all industries made 161 million transactions in the month, up from 147 million in November. The average value lifted to $53 from $50 in November.


  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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:

MARKET CLOSE: NZ shares hit record amidst rebalancing, Comvita and Sky TV gain while Pushpay, A2 drop
NZ dollar heads for 0.5% weekly decline as risk aversion rises
RBNZ's Spencer tipped to stand pat in final review next week, repeat same message
Lyttelton Port rejects union claims as strike planned for next week
Storm CEO Deborah Caldwell buys women's clothing chain from Hallenstein
Govt to invest $5 mln in Northland wharves through regional fund
Veritas shareholders vote in favour of Mad Butcher sale
Failed fashion chain Andrea Moore & Co 'significantly overstated' value of inventory by $3.3M
UPDATE: NZ dairy manufacturer plans to list on ASX to raise up to A$20M for expansion
Bay of Islands Airport terminal upgrade to get $1.7M from govt's provincial growth fund

IRG See IRG research reports