NZ retail spending on electronic cards climbs 0.8 percent in February, fifth straight gain

Sun, 10 Mar 2013

March 11 (BusinessDesk) – New Zealand retail spending on electronic cards rose for the fifth straight month in February, adding to signs consumers are becoming more confident. Retail spending on credit, debit and charge cards rose 0.8 percent, seasonally adjusted, last month, according to Statistics New Zealand. That’s the biggest gain since August last year and beats the median forecast in a Reuters survey of 0.5 percent. Retail spending in February was up 2.5 percent from a year earlier, slowing from a 5.8 percent gain in January from a ye...

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