NZ retail spending on electronic cards rises 0.4 percent, led by fuel purchases

Thu, 08 Nov 2012

Nov. 9 (BusinessDesk) – New Zealand retail spending on electronic cards rose as expected last month, led by fuel, motor vehicle related spending and durables. Spending on debit, credit and charge cards rose 0.4 percent, seasonally adjusted, in October, following a 0.6 percent decline in the previous month, according to Statistics New Zealand. Core retail, which excludes motor vehicle related spending, gained 0.2 percent. Consumer related stocks on the NZX 50 Index have been among the biggest gainers this year, with a 35 percent gain based on...

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