NZ spending on credit, debit cards rises in February

Mon, 10 Mar 2014

By Suze Metherell March 11 (BusinessDesk) – New Zealanders spent more on their credit and debit cards in February, fuelled by spending on hospitality, while durables and apparel rebounded from declines in January. The value of electronic card spending on retail rose 0.9 percent to a seasonally adjusted $4.58 billion in February, according to Statistics New Zealand. Core retailing, which excludes spending on fuel and auto-related items, gained 1.1 percent to $3.7 billion. Spending on hospitality rose for a seventh month, up 1.5 percent to $...

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