UPDATE: Electronic cards spending falls for a second month in March

Tue, 11 Apr 2017

(Adds economist comment from fourth paragraph.) By Tina Morrison April 11 (BusinessDesk) - New Zealand retail spending on electronic cards fell for a second month in March, as weakness emerges in household related spending. Retail spending on credit and debit cards fell a seasonally adjusted 0.3 percent last month, following a 0.6 percent decline in February, Statistics New Zealand said. The declines come after a 2.7 percent increase in January, the biggest monthly increase since January 2006. Spending fell in three of the six retai...

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