NZ retail card spending falls on lower grocery, liquor expenditure

Sun, 11 Jun 2017

By Rebecca Howard June 12 (BusinessDesk) - New Zealand retail spending on electronic cards dipped in May as people dialled back expenditure on groceries and liquor. Retail spending on credit and debit cards fell a seasonally adjusted 0.4 percent last month, following a 0.9 rise in April, Statistics New Zealand said. Three of six retail industries fell in May, led by a drop in the consumables industry - which includes grocery and liquor retailing - which was down 0.7 percent versus the prior month. Fuel retailing was down 1.8 percent whil...

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