NZ credit, debit card spending climbs 1.2% in May as fuel takes a larger chunk

Tue, 12 Jun 2012

By Paul McBeth June 12 (BusinessDesk) - New Zealanders spent more on their credit and debit cards in May for a second month, with more cash going towards fuel. The seasonally adjusted value of total transactions on electronic cards rose 1.2 percent to $5.54 billion, according to Statistics New Zealand. Spending on fuel rose the fastest in the month, up 4.6 percent to $644 million. Core retail spending, which strips out vehicle-related expenses, rose 0.8 percent to $3.42 billion. Spending on durable goods rose 1.1 percent to $1.01 billion,...

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