NZ retail spending flat in September, below expectations

Mon, 09 Oct 2017

By Sophie Boot Oct. 10 (BusinessDesk) - New Zealand retail spending on electronic cards was flat in September, which economists said was due to cooling house prices. Seasonally adjusted retail spending on credit and debit cards rose 0.1 percent from August, having dropped 0.2 percent that month, Statistics New Zealand said in a statement. Total spending, including non-retail industries, fell 0.1 percent, having risen 0.6 percent a month earlier. "Consumer spending has cooled significantly in recent months - in fact, the level of card s...

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