Electronic card spending inches higher in October

Sun, 11 Nov 2018

By Margreet Dietz Nov. 12 (BusinessDesk) - Retail spending on electronic cards inched higher in October as petrol prices rose to record levels, boosting fuel spending. However this was largely offset by a decline in payments on vehicles and apparel. Seasonally-adjusted total retail spending on credit and debit cards rose 0.1 percent between September and October, after a 1.1 percent increase in September, Statistics New Zealand said. Core retail spending, which excludes vehicle-related industries, was flat, after gaining 1.1 percent in Se...

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