NZ retail spending dips in July; less spent on petrol, hospitality

Wed, 09 Aug 2017

By Sophie Boot Aug. 10 (BusinessDesk) - New Zealand retail spending on electronic cards dipped in July, with lower fuel and hospitality spending. Retail spending on credit and debit cards dropped 0.5 percent in seasonally adjusted terms from June, having been flat that month, Statistics New Zealand said. Total spending, including non-retail industries, was down 0.7 percent in July from a month earlier. July's decline was driven by a 6.1 percent drop in spending on fuel, while hospitality dropped 0.5 percent in the month compared to the...

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