Statistics New Zealand says this represents a 3.7 percent rise of $167 million over March 2014. Compared to February this year and adjusted for seasonal effects, retail spending was up by 0.8 percent – slightly lower than February’s 1.1 percent rise.
“After removing seasonal effects, spending rose in four of the six retail industries,” business indicators manager Neil Kelly said. “The largest increase came from the consumables industry.”
The total value of electronic card spending, including the two non-retail industries (services and other non-retail), rose 1.3 percent. This rise follows a 0.4 percent rise in February 2015.
Statistics NZ says trends for the total, retail, and core retail series have generally been rising since it began reporting in 2002.