NZ retail spending on credit, debit cards climbs 1 percent in April, biggest monthly gain since November

Thu, 09 May 2013

By Paul McBeth May 10 (BusinessDesk) - New Zealand retail spending on electronic cards reported its biggest monthly gain since November last month, with ramped up expenditure on apparel and durable goods. Core retail spending, which strips out spending on fuel and vehicles, climbed 1 percent to a seasonally adjusted $3.54 billion in April, the biggest monthly gain since November, and sixth increase out of the past seven months, according to Statistics New Zealand. Including fuel and vehicle, retail spending gained 0.9 percent to $4.34 billi...

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