NZ credit, debit card retail spending rises in January on hospitality, durables

Tue, 09 Feb 2016

By Jonathan Underhill Feb. 10 (BusinessDesk) - New Zealand retail spending on electronic cards rose in January, led by hospitality and durables, while the falling price of petrol led to lower expenditure on fuel. Spending on core retail, which encompasses consumables, durables, hospitality and apparel, rose 0.6 percent last month, Statistics New Zealand said. Including vehicle-related industries, retail spending increased 0.3 percent. Spending on hospitality, which includes accommodation, bars, cafes and restaurants, gained 1.2 percent...

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