Top spending growth

CHLOE WINTER
Last updated 13:57 20/03/2014
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Marlborough once again experienced the highest growth rate in the country for electronic spending last month.

Paymark figures released last week showed spending in Marlborough totalled $44.2 million in February this year, compared with $49.5m last February - an increase of 12.1 per cent. This is the biggest increase in Marlborough in more than a year.

Paymark customer relations head Mark Spicer said spending in the Marlborough region had been relatively consistent, however he could not provide a reason for the increase. Tourist numbers were most likely a major influence, he said.

"[Though] we can't determine any one particular thing that is influencing it. For me, it just comes down to something that is happening in the region that is contributing to it [increase]," he said.

It was not a surprise that Marlborough's spending had risen the most, he said.

The number of electronic transactions for last month also increased, up 11.1 per cent. A total of 820,000 transactions were recorded, compared with 910,000 in February 2013.

January paymark figures also showed that Marlborough had the highest regional spending growth.

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- The Marlborough Express

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