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Card spending slightly up

visa-mastercard-credit-card-amexCore retail spending on electronic cards showed a slight increase in November with mixed results spanning the different sectors, Statistics New Zealand said.

November’s core retail spending, which excludes vehicle-related industries, increased by 0.3 per cent from October to $3.8 billion (seasonally adjusted).

Compared with October, consumables, including food and liquor retailing, increased 0.5 per cent to $1.7 billion.

Hospitality increased by 2.3 per cent to $770 million.

Apparel fell by 1.4 per cent to $284 million.

Durables, including furniture, hardware, and appliance retailing, pharmacy, cosmetic, and toiletry retailing, fell by one per cent to $1.1 billion.

Total spending decreased by a seasonally adjusted 0.1 per cent in November, a slight fall following the one per cent increase reported in October.

“There were mixed results across the retail industries, with three rising and three falling,” Neil Kelly, business indicators manager, said.

The total value of electronic spending fell by 0.3 per cent.

In November there were 125 million transactions across all industries, each with an average value of $51.

Across all transactions the total amount spent was $6.4 billion.

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