Card spending increases for June
Retail card spending rose 0.8 per cent, seasonally adjusted, following a 0.6 per cent increase in May.
The largest movement in spendings was in consumables, including grocery and liquor retailing, which rose by 0.6 per cent; up $11 million.
Fuel spending increased by $8.6 million (1.3 per cent), durables, including hardware, furniture and appliances rose by $5.8 million (0.5 per cent) and apparel, including clothing and footwear, rose by $4.3 million (1.5 per cent).
Actual retail spending using electronic cards was $5.1 billion, up $238 million (4.9 per cent) from June 2017.
Quarterly results tell a different tale
The June 2018 quarter, however, was relatively flat, with three industries up and three down, leading to a drop in spending by 0.2 per cent.
The largest fall came from consumables, down $36 million (0.6 per cent), following a rise of $88 million in the March 2018 quarter.
Retail card spending for the quarter rose to $15 billion; 3.5 per cent, or $518 million, above June 2017.
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