NZ card spending bounces back in January as consumers lean on credit

Mon, 11 Feb 2019

By Paul McBeth Feb. 12 (BusinessDesk) - New Zealanders racked up more on their credit cards in January with increased purchases of durable goods and big-ticket items. Core retail spending on credit and debit cards rose a seasonally adjusted 2.2 percent in January, reversing the 1.7 percent decline reported in December, Statistics New Zealand said. Including petrol and vehicle-related spending, purchases were up 1.8 percent. That was led by a 5.1 percent lift in spending on durable goods, such as hardware, appliances, and furniture. S...

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