Retail spending dips in December

Electronic retail transactions fell 2% in December. (Image: Getty)

Wed, 17 Jan 2024

Card spending fell 2% between December and November, according to seasonally adjusted data released by Stats New Zealand on Wednesday. Electronic card spending – including debit and credit card transactions – for retail fell $132 million compared to November 2023. Spending in core retail industries, which strips out fuel and vehicles from the data, also dropped 2% ($119m) on the previous month. The decline comes at a time of increasing scrutiny on consumer spending patterns and their implications for the national econ...

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