Growth in electronic spending slows

CHLOE WINTER
Last updated 16:11 08/04/2014

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Marlborough has experienced its lowest growth rate for electronic spending in more than a year.

Paymark figures released yesterday showed spending in Marlborough totalled $50.9 million in March this year, compared with $49m last March - an increase of just 3.9 per cent.

This places Marlborough eighth for regional spending growth, on par with Gisborne.

The last time Marlborough had a low growth rate for electronic spending was in February 2013, when the region fell to ninth place.

Paymark customer relations head Mark Spicer acknowledged Marlborough's position after normally showing the highest growth out of the regions.

"A couple of things are at play here, the trading conditions and the change in date for Easter will be impacting the change.

However, Spicer said spending in Marlborough and throughout the country showed consistent growth.

The number of electronic transactions for last month was up 5.4 per cent. A total of 900,000 transactions were recorded, compared with 950,000 in March 2013.

January and February 2014 paymark figures showed Marlborough had the highest regional spending growth. 

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- The Marlborough Express

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