NZ retail spending on electronic cards rises at fastest pace in seven months in May

Wed, 11 Jun 2014

By Tina Morrison June 11 (BusinessDesk) - New Zealand retail spending on credit and debit cards rose at its fastest pace in seven months in May, with gains across all six retail industries measured. The value of retail spending on electronic cards rose a seasonally adjusted 1.3 percent in May from a 0.4 percent pace in April and no change in March, Statistics New Zealand said. That was the fastest pace since a 1.8 percent increase in October. Spending appears to have picked up, having dropped off earlier in the year as consumer sentime...

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