NZ credit, debit card spending rises 0.6% in October, driven by tourism, supermarkets

Tue, 08 Nov 2016

By Jonathan Underhill Nov. 9 (BusinessDesk) - New Zealand retail spending on electronic cards rose for a second month in October as shopkeepers continued to benefit from the nation's tourism boom, which drove up demand for restaurants, takeaway shops, and accommodation. Retail spending rose a seasonally adjusted 0.6 percent last month, after a 2 percent gain in September, Statistics New Zealand said. Actual retail spending climbed 4.2 percent to $5.1 billion in October from the same month a year earlier, with fuel the only sector to regis...

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