Plastic flashes as retail card spending perks up in November

(Image: Getty)

Tue, 12 Dec 2023

New Zealanders returned to the shops in November after getting their general election out of the way, with spending on credit and debit cards snapping two months in the doldrums. Core retail spending – which strips out expenditure on petrol, cars and autoparts – on electronic cards rose a seasonally adjusted 2.2% in November from October, turning around two months of declines. It was the biggest monthly increase since January, according to Stats NZ.That was led by a 5.2% increase in spending on apparel, with spending on c...

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