UPDATE: New Zealanders moderated their thrashing of plastic cards in February

Mon, 11 Mar 2019

(Updates with comments from economists from paragraph 4) By Jenny Ruth March 11 (BusinessDesk) - New Zealanders moderated their spending on electronic cards last month but still spent more on groceries, liquor, fuel and hospitality. Growth in spending on apparel, for example, slowed to 0.9 percent in February from January's 3.3 percent increase and spending on durables, such as appliances and furniture, fell 0.2 percent after surging 4.9 percent in January. “Sales of durables, such as furniture, hardware and appliances, as well as...

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