NZ retail spending on credit, debit cards falls 0.4% in August on hospitality dip

NZ retail spending on credit, debit cards falls 0.4% in August on hospitality dip
Jonathan Underhill
By Jonathan Underhill Sept. 9 (BusinessDesk) - Spending on electronic cards fell in August, led by a decline at hospitality venues after two strong tourist-fuelled months.  Retail spending fell a seasonally adjusted 0.4 percent last month following a 0.2 percent increase in July, Statistics New Zealand said. Actual retail spending rose 3.7 percent to $4.7 billion in August from the same month last year, with fuel the only one of six industry sectors measured to fall, down 6.1 percent in a move that reflected lower petrol and diesel prices...