Grocery and liquor retailing lift NZ credit, debit card spending in April

Tue, 09 May 2017

By Rebecca Howard May 10 (BusinessDesk) - New Zealand retail spending on electronic cards rose in April on higher consumption of groceries and liquor, adding to expectations the central bank will signal an earlier interest rate increase at Thursday's review than previously forecast. Retail spending on credit and debit cards rose a seasonally adjusted 1.1 percent last month, following a 0.3 percent decline in March and a 0.6 percent decline in February, Statistics New Zealand said. "The rise in retail card spending in April was drive...

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