Durable goods spending continues to underpin electronic card sales growth

Mon, 09 Sep 2013

Sept 10 (BusinessDesk) – Stronger consumer spending on durable goods resumed in August after a blip in July, led by a 2.8 percent increase in spending on durable goods. "This month's increase in core retail was driven by durables and was the largest since June 2011," acting industry and labour statistics manager at Standards New Zealand, Tehseen Islam, said in a statement. The two largest industry movements were durables, up $29 million (2.8 percent) and consumables, up $9 million (0.6 percent) in August over July. “Given strong consumer con...

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