NZ retail spending on debit, credit cards slows in October

Mon, 09 Nov 2015

By Tina Morrison Nov. 10 (BusinessDesk) - New Zealand retail spending on electronic cards expanded at the slowest pace in four months in October, as an increase in consumable sales was eroded by weakness in durables, hospitality and apparel. Spending on core retail, which strips out fuel and vehicle purchases, increased a seasonally adjusted 0.2 percent in October from September, Statistics New Zealand said. That's the slowest pace since June, when spending advanced 0.1 percent. On an annual basis, core retail spending rose 7.6 percent, t...

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