NZ retail spending on electronic cards snaps 5 months of gains, falling 0.5 percent in March

Tue, 09 Apr 2013

April 10 (BusinessDesk) - New Zealand retail spending on electronic cards fell in March, snapping five months of gains, as Easter trimmed two trading days and kiwis spent less on durable goods and clothing. Retail spending on credit, debit and charge cards fell 0.5 percent, seasonally adjusted, last month, according to Statistics New Zealand. Excluding fuel and vehicles, core retail spending fell 0.8 percent in March. Good Friday and Easter Sunday atypically fell in March this year, forcing most retailers to close their doors on those days....

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