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NZ credit and debit card spending rises

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Fri, 10 Feb 2012 11:50a.m.

Spending on apparel reported the biggest gain

Spending on apparel reported the biggest gain

New Zealanders returned to the stores in January, spending more on credit and debit cards.

The value of total transactions advanced 1 percent to a seasonally adjusted $5.45 billion in January, with more money spent across all industries, according to Statistics New Zealand.

That follows monthly declines in the previous two periods. Spending on core retail industries, which strips out motor-vehicle related expenditure, climbed 1 percent to $3.37 billion.

Spending on apparel reported the biggest gain, up 2.1 percent to $281 million, followed by a 1.6 percent increase in vehicle spending to $109 million, and a 0.5 percent rise in consumables to $1.47 billion.

Spending on durables rose 0.4 per cent to $1 billion, while hospitality advanced 0.3 per cent to $606 million and spending on fuel rose 0.1 percent to $635 million.

Spending on services climbed 1.2 percent to $168 million, while non-retail industries rose 1.1 percent to $1.12 billion.

The figures come after Paymark data showed a 3.5 percent increase in electronic card spending last month. Paymark systems account for about three-quarters of New Zealand's electronic card transactions.

Unadjusted spending rose 5.4 percent to $5.3 billion from the same month a year earlier.

NZN

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11 Feb 2012 09:20a.m.

DigitalSlavery wrote:

Cash will be outlawed, YOUR Masters can't track CASH so CASH=CRIMINAL=SATANS.DebtSlave And if you don't like that your a terrorist, No WONDER the FOOD bill wants to outlaw farmers markets and ANY form of BARTER. Where not alone.. Argentina limited the use of cash in the country’s financial markets as President Cristina Fernandez tightens oversight of currency transactions to help contain capital flight and prepare for what is anticipated a ‘difficult’ year for the Treasury and the Argentine economy. BUT its Ok for the BANKS to transfer any amount of DIGITS.