NZ credit, debit card retail spending climbs 1.9% as hospitality recovers

Mon, 10 Oct 2016

By Paul McBeth Oct. 11 (BusinessDesk) - New Zealand retail spending on electronic cards gained in September as the hospitality sector bounced back as the start of spring attracted more tourists. Retail spending rose a seasonally adjusted 1.9 percent last month, turning around a 1.2 percent decline in August, with bars and restaurants benefiting from strong tourist numbers, Statistics New Zealand said. Actual retail spending climbed 6.1 percent to $4.75 billion in September from the same month a year earlier, with fuel the only sector to...

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