NZ electronic card spending rebounds in March as consumers spend up on groceries, liquor

Wed, 11 Apr 2018

By Rebecca Howard April 12 (BusinessDesk) - New Zealand retail spending on electronic cards rebounded in March on the back of increased grocery and liquor spending. Seasonally adjusted total retail spending on credit and debit cards increased 1 percent in March, Statistics New Zealand. Economists had expected a lift of 0.5 percent, according to a Bloomberg poll. Core retail spending, excluding fuel and vehicles, rose 1.6 percent. “Despite losing a trading day to Good Friday, retail card spending rose in March,” retail manager Sue Cha...

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