Credit, debit card spending up in January

CLAIRE ROGERS
Last updated 12:00 12/02/2013

Relevant offers

Industries

Retailers pop up at ANZ's market day Survey shows more work needed to support women's careers Jam Space's goal to be go-to resource for NZ music industry Global beauty brand Sephora NZ stays quiet on delivery issues Coke targets 'foodies' as more people move away from fizzy New World Lower Hutt to become a pop-up supermarket Party pill pioneer Matt 'Starboy' Bowden to accept bankruptcy from Thailand Eight week extension to Kaikoura business support package We just don't love the mall like we used to: Justin Kean Guilty verdicts in Auckland roading corruption case

Shoppers fuelling their stomachs and cars helped boost card spending last month.

Statistics New Zealand said spending on credit and debit cards rose a seasonally adjusted 0.4 per cent last month, compared to December.

Four of the eight industry groups saw spending lift, with the biggest jumps in consumables - which includes food and liquor retailing - up 0.8 per cent or $13 million, and fuel - up 1.9 per cent or $13m.

Core retail, which excludes non-retail and vehicle-related spending, rose 0.3 per cent last month, but consumables was the only one of the four core retail industries to increase.

Card spending on durables, which includes big ticket items such as furniture, hospitality and apparel all slipped off in the month.

Total retail spending, including fuel and vehicle expenditure, also rose 0.3 per cent.

On an unadjusted basis there were 107 million card transactions last month, with an average value of $52. The total spend on cards was $5.6 billion.

Paymark, which processes about three-quarters of electronic transactions, said yesterday spending in January had increased for the fourth consecutive month.

Spending rose 5.1 per cent or $191m more last month compared to January 2012, it said, and a seasonally adjusted 0.6 per cent compared to December.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content