NZ spending on debit, credit cards increases in September

Thu, 08 Oct 2015

By Suze Metherell Oct. 9 (BusinessDesk) - New Zealand retail spending on electronic cards rose for a fifth month in September, led by an increase in expenditure on durable goods and following recent improvements in retailers' business confidence. Spending on core retail, which strips out fuel and vehicle purchases, rose a seasonally adjusted 1.2 percent to $4.03 billion in September, accelerating from August's 1 percent gain, Statistics New Zealand said. On an annual basis, core retail spending rose 7.7 percent from September last year, t...

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