Cautious consumers go easy on the plastic as card spending dips in July

Sun, 11 Aug 2019

By Victoria Young Aug. 12 (BusinessDesk) - Seasonally-adjusted electronic card spending dipped in July by 0.1 percent after being flat in June, according to Stats NZ. Economists had expected a 0.5 percent lift, according to the median in a Bloomberg poll. In the same month of 2018 spending had increased by 0.2 percent. Core retail spending, excluding fuel and vehicle purchases, fell 0.5 percent after rising by 0.3 percent in June. The biggest percentage decrease in July was for apparel, down 3.2 percent. Hospitality spending was f...

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