Growth in NZ spending on credit, debit stalls in March after Feb gains; apparel drops

Wed, 09 Apr 2014

By Suze Metherell April 9 (BusinessDesk) – New Zealand spending growth on credit and debit cards stalled in March, as a decline in expenditure on fuel and clothing offset gains for food and liquor. The value of retail spending on electronic cards was unchanged, seasonally adjusted, at $4.6 billion last month, after gaining 0.8 percent in February, according to Statistics New Zealand. Core retailing, which excludes spending on fuel and auto-related items, gained 0.1 percent to $3.7 billion, while the value of total electronic card purchases,...

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