NZ spending on credit, debit cards rises in August, driven by hospitality

Mon, 08 Sep 2014

By Paul McBeth Sept. 9 (BusinessDesk) - New Zealanders increased their spending on credit and debit cards in August, with a pick-up in the hospitality sector driving core retail expenditure in the month. The value of core retail sales on electronic cards, which strips out spending on fuel and vehicle related items, rose 0.6 percent to a seasonally adjusted $3.78 billion in August, adding to the 0.6 percent increase a month earlier, Statistics New Zealand said. Including fuel and vehicle spending, total retail spending rose 0.5 percent to...

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