NZ spending on credit, debit cards rises in October, led by durable sales

Mon, 10 Nov 2014

By Suze Metherell Nov. 11 (BusinessDesk) - New Zealanders increased their spending on debit and credit cards in October, with buying across all retail sectors rising, led by a boost in durables. The value of core retail sales on electronic cards, which strips out spending on fuel and vehicle related items, rose 1.1 percent, its biggest gain since February, to a seasonally adjusted $3.8 billion in October from September when it fell 0.4 percent, Statistics New Zealand said. Including fuel and vehicle spending, total retail spending increas...

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