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.
No comments yet
NZ dollar sticks to a tight range ahead of 2Q GDP data
NZ Shareholders' Assn elevates capital market concerns to PM
High Court orders reinvestigation of Chinese steel imports
Govt needs to consider ratepayer burden in 3 waters policy, Mahuta says
Heartland needs access to wholesale funding to grow Australian reverse mortgages
NZ annual current account deficit widest in nine years
Synlait Milk almost doubles annual profit on high value product growth
Consumer confidence falls to six-year low in September quarter
Near-record throughput at Marsden Point
September 19th Morning Report