Retail card spending growth slows in February

Thu, 08 Mar 2018

By Sophie Boot March 9 (BusinessDesk) - New Zealand retail spending on electronic cards gained slightly in February, but was subdued in most retail industries with spending on groceries and liquor falling. Seasonally adjusted total retail spending on credit and debit cards increased 0.1 percent in February from January, Statistics New Zealand. Core retail spending, excluding fuel and vehicles, fell 0.3 percent. Spending dropped in two of the six retail industries, was unchanged in two, and rose in two. Consumables spending, which cover...

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