Credit and debit card spending jumps 1.1 percent in June

Tue, 09 Jul 2013

July 9 (BusinessDesk) – New Zealand retail spending on credit, debit and charge cards rose more than expected last month, driven by fuel and hospitality. Total retail billings rose 1.1 percent, seasonally adjusted, in June, according to Statistics New Zealand. Actual retail sales were up 5.1 percent from the same month in 2012. A monthly gain of 0.5 percent and an annual increase of 5.4 percent had been expected, according to a Reuters survey. Spending on fuel rose 3.5 percent, seasonally adjusted, and hospitality was up 1.7 percent. Spending...

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