South Canty spending up

Last updated 05:00 07/11/2012
SHARE IT AROUND: South Canterbury has had a significant increase in spending.

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South Canterbury has had a significant increase in spending, Paymark's latest figures show.

The district experienced the second highest monthly increase in value of spending in the country and ranked fifth in volume transaction percentage increases.

South Canterbury spending increased from $65 million in October last year to $68.6m last month - a hike of 5.5 per cent.

Transactions were up 3.3 per cent in the region from 1.2 million in October last year to 1.23m last month.

Spending has steadily increased since May after a drop in April.

Spending across the Paymark network showed a nationwide annual growth of 2.7 per cent in value compared to October 2011.

Paymark head of sales and marketing Paul Whiston said hardware retailers, appliance shops and floor covering suppliers led the way with 8 per cent, 6 per cent and 9 per cent growth respectively.

And while spending appears to be shaping up in time for Christmas, so too are Kiwis, with an increase in fitness centre and gym expenditure in October of 18.6 per cent.

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- The Timaru Herald


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