NZ spending on credit, debit cards rises in Nov, led by hospitality

Mon, 08 Dec 2014

By Suze Metherell Dec. 9 (BusinessDesk) - New Zealanders increased their spending on debit and credit cards in November, with a rise in hospitality and consumable purchases offsetting a decline in apparel and durables. The value of core retail sales on electronic cards, which strips out spending on fuel and vehicle related items, rose 0.3 percent in November from the previous month, to a seasonally adjusted $3.8 billion, following a 1.1 percent gain in October, Statistics New Zealand said. Including fuel and vehicle spending, total retail...

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