Cheaper petrol keeps lid on credit, debit card spending in November

Mon, 10 Dec 2018

By Rebecca Howard Dec. 11 (BusinessDesk) - Retail spending on electronic cards eased in November as cheaper prices at the petrol pump helped consumers spend less on fuel. Seasonally adjusted total retail spending on credit and debit cards fell 0.4 percent in November after being unchanged in October. Stripping out vehicle-related industries, core retail spending rose 0.5 percent last month after being flat in October Fuel spending fell 7.2 percent in November, or $48 million, versus October as average fuel prices dropped about 20 cent...

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