Thursday 12th April 2012
|Text too small?|
New Zealanders spent less on their credit and debit cards last month, led by a decline in spending on non-retail and fuel.
The value of total transactions fell a seasonally adjusted 0.2 percent to $5.42 billion in March, according to Statistics New Zealand. That follows a decrease of 0.3 percent in February.
Spending on core retail industries, which strips out motor-vehicle expenditure, rose 0.5 percent to $3.36 billion. This was boosted by rises in three of the four industry groups.
Spending in the hospitality industry showed the biggest gain, up $12 million, followed by consumables rising $8 million and apparel up $7 million.
The decrease was led by fuel down $16 million on a month earlier and non-retail which fell $22 million.
Unadjusted spending in core retail rose 5.8 percent from March 2011.
No comments yet
MARKET CLOSE: NZ shares gain; banks rally on Reserve Bank capital decision
NZ dollar rises; bank capital rules less harsh than expected
RBNZ relaxes capital requirements, allows preference shares, extends phase-in
NZ dollar extends gain amid mixed US data, possible trade progress
MARKET CLOSE: NZ shares dip on eve of major regulatory decisions
NZ dollar sees off global headwinds, holds above 65 US cents
NZ dollar holds above 65 US cents; dairy auction prices mixed
Dairy index falls on weaker butter, milk fat demand
MARKET CLOSE: NZ shares join global decline; US tariff move weighs on exporters