NZ retail spending on debit, credit cards rises 0.9% in January

Tue, 10 Feb 2015

By Suze Metherell Feb. 11 (BusinessDesk) - New Zealanders increased their spending on debit and credit cards in January, led by consumables and durables, while spending on fuel fell for a third straight month, reflecting the drop in global oil prices. The value of core retail sales on electronic cards, which strips out spending on fuel and vehicle related items, rose 0.9 percent seasonally adjusted in January, to $3.88 billion, following December's 0.2 percent gain, Statistics New Zealand said. Including fuel and vehicle spending, total r...

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