Card spending eases in November vs October

Total electronic card spending stood at $9.6 billion for the month of November.

Thu, 12 Dec 2024

A recovery in retail spending “paused for breath” in November but the stage is set for more positive conditions next year, said Westpac senior economist Satish Ranchhod.The total value of electronic card spending, including non-retail services and non-retail categories, fell 0.1% to $9.57 billion in November from October, according to Stats NZ. Retail spending rose a seasonally adjusted 0.1% on the October figure to $6.16b but is still 0.9% down on where it was a year ago.Retail spending category data indicates that spending on...

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