NZ retail spending on credit, debit cards falls 0.8 percent, first decline since March

Tue, 08 Oct 2013

Oct. 9 (BusinessDesk) – New Zealanders’ retail spending on credit, debit and store cards dropped last month, the first decline since March, led by furniture, hardware, appliances and clothing. Retail spending on electronic cards fell 0.8 percent seasonally adjusted in September, the biggest decline since July last year, when spending fell 1 percent, according to Statistics New Zealand. Core retail sales, which exclude vehicle related transactions, dropped 1 percent, following a 1.1 percent gain in August. Durables, which include by furniture...

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