NZ core retail spending on credit, debit cards slips in June

Tue, 08 Jul 2014

By Suze Metherell July 9 (BusinessDesk) - New Zealand core retail spending on debit and credit cards fell in June for the first time in four months as declines in purchases of durables and apparel offset gains in hospitality. The value of core retail spending, which excludes fuel and auto-related purchases, on electronic cards fell a seasonally adjusted 0.4 percent, from a restated 1 percent gain in May and 0.2 rise in April, Statistics New Zealand said. Including auto-related purchase, retail spending was unchanged in the month following...

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