The amount Kiwis spend at the petrol pump with their electronic cards jumped by $67 million in August, the biggest rise since records on such spending has been kept.
Figures released by Statistics New Zealand today show electronic card spending in the retail industries rose 3.0 per cent in August 2012, when adjusted for seasonal effects.
Fuel retailing (up $67 million or 10.8 per cent) was the main contributor to this rise, but there were also smaller increases in all other retail industries.
"This month's increase in fuel spending is the biggest monthly increase in this industry since the beginning of the series, in October 2002," acting industry and labour statistics manager Tehseen Islam said.
"It also coincided with increases in the price of both petrol and diesel."
Total core retail spending (which excludes the motor vehicle-related industries) rose 1.0 per cent in August 2012, boosted by increases in all industry groups.
Hospitality, up $13 million (2.0 percent), and consumables, up $12 million (0.8 per cent), had the largest increases.
The total value of electronic card spending rose 2.4 per cent.
The trends for both the retail and total series are positive and remain strong.
The core retail trend is also positive, but has weakened in recent months.
- © Fairfax NZ News