Retail card spending falls 1.7% in May

(Image: Getty)

Mon, 12 Jun 2023

Seasonally adjusted total retail card spending fell by 1.7% or $113 million in May compared to April, Statistics New Zealand says.Card spending fell across all retail industries, including consumables, durables, apparel, fuel, and motor vehicles, as well as the non-retail excluding services category, Stats NZ said.Services, however, lifted $1.4m, or 0.4%, compared with April. The category includes repair and maintenance, personal care, funeral and other personal services. The largest contributor to the fall in retail card spending wa...

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