Retail spending dips as kiwis buy fewer big-ticket items

Thu, 11 Apr 2019

By Rebecca Howard April 12 (BusinessDesk) - Spending on credit and debit cards fell in March as New Zealanders spent less on big-ticket items like appliances, electronics and hardware. Seasonally-adjusted card spending fell 0.3 percent in March after rising 0.6 percent in February and 2 percent in January, Stats NZ said. The decline from February was largely attributed to the fall in durables purchases, down 1.9 percent, or $26 million. Spending on apparel fell $9 million, or 2.9 percent. In the other direction, spending on consumable...

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