NZ credit, debit card spending climbs 1.1 percent in October, core retail gain at decade-high

Sun, 10 Nov 2013

Nov. 11 (BusinessDesk) - New Zealanders’ retail spending on credit and debit cards rose last month, with core retail industries growing at the fastest pace since October 2002 when the series began. Seasonally adjusted retail spending on electronic cards rose 1.1 percent to $5.95 billion in October, after a 0.3 percent fall a month earlier, and the eighth monthly gain this year, according to Statistics New Zealand. Core retail spending, which strips out spending on vehicles and fuel, climbed 1.8 percent to $3.63 billion. Spending on durable...

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