Card spending rises

visa, payment, card, credit cardRetail spending using electronic cards was $4.5 billion in April 2015, up $167 million 3.9 per cent from April 2014, according to Statistics New Zealand.

In actual terms card spending rose in all retail industries except for fuel.

When adjusted for seasonal effects, retail spending fell 0.7 per cent in April 2015 compared with March 2015. This fall follows increases of 0.7 per cent in March and one per cent in February this year.

“After removing seasonal effects, spending fell in four of the six retail industries,” business indicators manager, Neil Kelly said. “The largest fall came from the durables industry.”

Core retail spending (which excludes the vehicle related industries) fell 0.8 per cent in April 2015, following a 0.6 per cent rise in March 2015.

The total value of electronic card spending, including the two non retail industries (services and other non-retail), fell 1.1 per cent. This fall follows a 1.2 per cent rise in March 2015.

Trends for the total, retail, and core retail series have generally been rising since these series began in October 2002.

Values are only available at the national level, and are not adjusted for price changes.

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