Card spending up by 1% in October

Card spending up by 1% in October
Spending showed consumers appeared keen to move on from covid-19 restrictions, said ASB's Mark Smith. (Image: Getty)
Riley Kennedy
Card spending was strong in October, rising by 1% as consumers spent more on durable items such as furniture, hardware, and appliances.Statistics New Zealand released its monthly electronic card spending figures this morning, which showed spending went up by $88 million in the last month, compared with September.On a yearly basis, card spending was up 20.2% to $9.1 billion compared to October last year – when Auckland was under covid-19 restrictions.Spending on hospitality had the largest increase on the yearly figure – up $398m, or...

More Finance

TVNZ targets one million digital viewers logged in by 2030
Finance

TVNZ targets one million digital viewers logged in by 2030

The latest performance forecast unfolds the broadcaster’s online ambitions.

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025