Card spending spurred by Black Friday and Singles Day

Card spending spurred by Black Friday and Singles Day
Rebecca Howard
Black Friday and Singles Day sales helped boost spending on credit and debit cards in November.Total retail spending jumped a seasonally adjusted 2.6 percent in November after falling 0.5 percent in October. It was the largest increase since January 2017, when spending lifted 3.6 percent. Sales have generally been flat this year, said Stats NZ.Like Singles Day, a Chinese retail phenomenon that was widely adopted by New Zealand retailers on Nov. 11, Black Friday – a US import - has become a key shopping date.“The lift in November sales coincided...

More Economy

OceanaGold says new Waihi mine will yield 34 million grams of gold
Economy

OceanaGold says new Waihi mine will yield 34 million grams of gold

Wharekirauponga Underground is one of the Government's fast-track projects.

Card spending eases in November vs October
Retail

Card spending eases in November vs October

But there is cheer for the hospitality industry. 

NZers fear RBNZ's digital currency plan's privacy risks
Economy

NZers fear RBNZ's digital currency plan's privacy risks

The biggest concern about digital cash is the potential for Government control.

Rebecca Howard 10 Dec 2024
RBA set to keep rates steady while growth concerns linger
Finance

RBA set to keep rates steady while growth concerns linger

The central bank’s policy meeting is slated for Tuesday