NZ spending on credit, debit cards falls in January, snapping three months of gains

Tue, 11 Feb 2014

Feb. 12 (BusinessDesk) - New Zealanders spent less on their credit and debit cards in January, snapping three months of gains, with apparel showing the sharpest decline. The value of electronic card spending on retail fell 0.5 percent to a seasonally adjusted $4.54 billion in January, according to Statistics New Zealand. Core retailing, which excludes spending on fuel and auto-related items, dropped 0.8 percent to $3.66 billion. Spending on apparel fell 2.8 percent to $289 million, while expenditure on durable items fell 1.3 percent to $1....

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