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HomeNEWSRetail card spending rises $160 million during February, Statistics New Zealand says

Retail card spending rises $160 million during February, Statistics New Zealand says

This rise in retail card spending follows a fall over the three previous months.

Core retail spending (excluding vehicle-related industries) rose 1.2 percent in February, following on from a 1 percent rise in January.

In total, there were 86 million transactions made in the core retail industries. This follows 92 million made in January and 103 made in December.

Statistics New Zealand business indicators manager Neil Kelly says after removing seasonal effects, spending rose in five of the six retail industries.

“Hospitality and durables had the largest rises, while fuel rose for the first time in three months,” Kelly says.

Hospitality, which includes accommodation, bars and restaurants, rose $21 million from January while the ‘durable’ category, which includes items like furniture, appliances and cosmetics, rose $14 million.

Card spend on fuel rose to $665 million, $5 million up from January.

Food and liquor retailing was the only industry in which spending did not rise, with results staying the same as January.

Statistics New Zealand says card spending in the retail industry has generally been increasing since they started the series in 2002, although it has eased for the total and retail series in recent months.  

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