Retail card spending has mixed results in September

Electronic Card Transactions: September 2014  –  Media Release

Retail spending using electronic cards decreased by a seasonally adjusted 0.1 percent in September 2014, Statistics New Zealand said today.

“Spending fell in four retail industries and rose in two during September,” business indicators manager Neil Kelly said. “Consumables and fuel had the largest falls, while durables had the largest rise.”

The three largest retail movements in September 2014 were:

  • consumables, down $6.3 million (0.4 percent)
  • fuel, down $6.1 million (0.8 percent)
  • durables, up $2.8 million (0.3 percent).

Core retail spending (which excludes the vehicle-related industries) fell 0.4 percent in September 2014.

The total value of electronic card spending, including the two non-retail industries (services and other non-retail), fell 0.2 percent.

Trends for the total, retail, and core retail series have all generally been rising since these series began in October 2002, but appear to be easing in recent months.

In unadjusted terms, 115 million transactions were made across all industries in September, with an average value of $50. The total amount spent across all transactions was $5.8 billion.

This data is not adjusted for price changes.

Ends

For media enquiries contact: Neil Kelly, Christchurch 03 964 8700, [email protected]

Authorised by Liz MacPherson, Government Statistician, 9 October 2014

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