NZ retail sales on electronic cards rises 0.5 percent in November, beating estimates

NZ retail sales on electronic cards rises 0.5 percent  in November, beating estimates
Dec. 11 (BusinessDesk) – New Zealand retail spending on debit, credit and charge cards rose more than expected last month, stoking optimism for a fourth-quarter rebound in fourth-quarter sales after a surprise decline in the third quarter. Electronic card transactions rose 0.5 percent, seasonally adjusted in November, following a 0.4 percent increase in the previous month, according to Statistics New Zealand. Actual sales rose 6.2 percent in November from the same month last year. Sales beat a Reuters survey forecast 0.4 percent monthly gain...