NZ retail spending extends decline in August as hospitality, durable goods sales dip

Sun, 10 Sep 2017

By Sophie Boot Sept. 11 (BusinessDesk) - New Zealand retail spending on electronic cards edged lower in August as expenditure on eating out and durable household items dipped. Retail spending on credit and debit cards decreased 0.2 percent in seasonally adjusted terms from July, having fallen 0.5 percent that month, Statistics New Zealand said in a statement. Total spending, including non-retail industries, increased 0.6 percent in August from a month earlier. "In part, this subdued growth in spending levels reflects the softness in p...

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