NZ electronic card spending drops more than expected in April with 'unusual' figures

Tue, 08 May 2018

By Rebecca Howard May 9 (BusinessDesk) - New Zealand retail spending on electronic cards was lower than expected in April as consumers spent less on groceries, liquor and fuel in what Statistics New Zealand described as "unusual" figures. Seasonally adjusted total retail spending on credit and debit cards fell 2.2 percent in April after lifting 1.5 percent in March, Stats NZ said. Economists had expected the number to be flat, according to a Bloomberg poll. Core retail spending, excluding fuel and vehicles, fell 2.3 percent after lifting...

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