Card spending suggests little festive cheer for retailers

Tue, 15 Jan 2019

By Jenny Ruth Jan. 16 (BusinessDesk) - Retail spending using electronic cards over the key Christmas period suggests retailers found little to cheer about in the festive season. Spending on cards fell a seasonally adjusted 2.3 percent in the month of December from November and was down 0.2 percent in the December quarter compared with the September quarter on the same basis, according to Statistics New Zealand. That's despite actual figures showing that spending of $6.8 billion in December was up $40 million from a year earlier, and in...

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