NZ credit, debit card spending falls in November amid earthquake disruption

Thu, 08 Dec 2016

By Tina Morrison Dec. 9 (BusinessDesk) - New Zealand retail spending on electronic cards fell in November, snapping two consecutive months of gains, amid disruption from the Kaikoura earthquake. Retail spending dropped a seasonally adjusted 0.3 percent last month, after a 0.6 percent gain in October and a 2.1 percent rise in September, Statistics New Zealand said. Actual retail spending climbed 5.1 percent to $5.2 billion in November from the same month a year earlier, the agency said. Core retail spending, which excludes vehicle-relat...

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