Kiwis flex the plastic as year ends

Last updated 11:22 11/12/2012

Relevant offers


Setting up competing business costs employee $10,000 Union boss Helen Kelly prepares to stand down from CTU due to illness Final pieces of Holcim dome being shipped from Rotterdam EPMU and SFWU merge to form E tū, New Zealand's largest private sector union Ford Australia closure one year and counting Pay equity efforts rewarded at YWCA Equal Pay awards OECD tax boss Pascal Saint-Amans forecasts company tax rates will fall as multinational rorts are stamped out US firm buys Mako Networks out of liquidation Roofing firm warned over anti-competitive agreement Youthful skipper ends first trips at the helm with a full fish hold

Kiwis flexed the plastic and spent more on their cards at hardware, appliance and furniture stores as well as hotels, cafes and restaurants last month.

Statistics New Zealand said credit and eftpos card spending across the core retail categories rose a seasonally adjusted one per cent last month, compared to October.

All core retail categories, which excludes motor-vehicle related industries, saw a spending increase, but industry and labour statistics manager Tehseen Islam said most of the extra shopping was in durables and hospitality.

Card spending in durables, which includes furniture, hardware and appliance purchases, rose 1.6 per cent or $17 million last month.

Bars, cafes, restaurants and accommodation providers charged an extra $16m or 2.6 per cent to customers' cards.

Islam said the increase in core retail spending was the largest since January.

Card spending in total retail – including vehicle-related industries – lifted 0.5 per cent last month. Fuel was the only industry to fall off, by 0.8 per cent or $6m.

Total electronic card spending, including non-retail industries such as health and travel, increased 0.7 per cent last month.

Statistics said the trends for the total and total retail series had both generally been increasing since the series began in October 2002, but had weakened since the middle of this year. The core retail trend had also been increasing but had flattened off since June.

Ad Feedback


Special offers

Featured Promotions

Sponsored Content