NZ electronic card spending climbs in August as petrol payments rise 4%

Mon, 10 Sep 2018

By Sophie Boot Sept. 11 (BusinessDesk) - New Zealand retail spending on electronic cards rose in August as payments on fuel surged, following a downward revision to the previous month's figures. Seasonally adjusted total retail spending on credit and debit cards rose 1 percent after lifting 0.2 percent in July, Statistics New Zealand said. Core retail spending, which excludes vehicle-related industries, rose 0.7 percent, after increasing 0.3 percent in July. Westpac senior economist Michael Gordon said the 1.1 percent gain in spending,...

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