Festive season boosts spending

JAZIAL CROSSLEY
Last updated 11:34 10/12/2013

Relevant offers

Industries

Family of the late microlight pioneer Max Clear put his Te Kowhai airfield up for sale Aussie owner of Wellington offices gets OIO nod for $100m property fund AA warns Z Energy's Caltex takeover could lead to higher petrol prices Unqualified builder forced to pay $750,000 for leaky Auckland home he built Comvita's virtual reality only as good as the technology Panama Papers: Uruguayan link to $6m farm sale Five things to know about Mitsubishi scandal 'Cactus' skin aids electric car efficiency Panama Papers: Prime Minister says Panama firm link to NZ land sale 'irrelevant' First Table hungry for slice of the early-bird dining market

Kiwi consumers spent more on alcohol and food last month as the silly season started.

The latest Statistics New Zealand core retail spending figures show that, seasonally adjusted, the value of electronic card spending was up 0.6 per cent in November. This follows a 1.8 per cent boost in October.

"Consumables, such as food and liquor, accounted for most of the extra spending in November," industry and labour statistics manager Tehseen Islam said.

Hospitality spending rose 1 per cent in November compared with the same month last year at a total of $687 million.

The consumables spending category had its biggest rise since April, up $22m to $1.6 billion.

A total of $288m was spent on apparel, down 0.7 per cent from November 2012.

Spending on durables, including furniture, hardware and appliance retailing, pharmacy, cosmetics and toiletries, fell almost 1 per cent at $1.1b.

There were 118 million electronic card transactions in New Zealand during November at an average of $53.

Seasonally adjusted total card spending was $6b last month, up 0.2 per cent when motor vehicles are included.

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content