Festive season boosts spending

Last updated 11:34 10/12/2013

Relevant offers


Foxton Beach's 170-tonne boat launched in the water using air bags Finance diary Sky TV, internet users seek answers on criminal penalties for TV trickery Vesper Marine's cash drive for 'virtual beacons' technology Kiwi legal sector set to grow 5% Blue cod changes a 'satisfactory compromise' Auckland Airport executives land million dollar interest free loan No more guilt with pleasure as Hell pizza goes free range House sales, looming inflation spur Kiwi spend-up on their homes Organic Initiative on mission for hygiene revolution

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