NZ credit, debit spending falls 0.8 percent in July led by bars, restaurants

Thu, 09 Aug 2012

Aug. 10 (BusinessDesk) - New Zealanders' credit and debit card spending fell in July, snapping three months of gains, as kiwis cut down on how much they spent at bars and restaurants in what's traditionally the year's coldest month. The seasonally adjusted value of total transactions declined 0.8 percent to $5.5 billion, according to Statistics New Zealand. Spending on hospitality shrank 3.4 percent to $617 million, ending four months of rising bills at bars and restaurants. Spending on apparel fell 1.5 percent to $277 million, while durab...

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