Electronic card spending up 1.8%

Total card spending across all industries was up 1.8 per cent in the March 2018 quarter when adjusted for seasonal effects, Stats NZ said.

Spending rose across all six of the retail industries in the March quarter. The largest rises came from the consumables (grocery and liquor retailing) industry, up $125 million (2.2 percent) and the hospitality industry, up $87 million (2.9 percent).

“The rise in retail card spending in the March quarter was driven by an increase in grocery and liquor spending,” retail manager Sue Chapman said. “

This was the largest increase in grocery and liquor retailing since December 2010 and coincided with a record increase in spending in the March month.

The motor vehicle industry dropped by 1.8 per cent or $3.2 million last month compared with February 2018. However, the vehicle industry in the March 2018 quarter was up by $7.5 million or 1.5 per cent compared with the December 2017 quarter.


Tagged with: ,