Retail card spending falls slightly in December

Electronic Card Transactions: December 2014  –  Media Release

Retail spending using electronic cards decreased by a seasonally adjusted 0.1 percent in December 2014, Statistics New Zealand said today. This slight fall followed a 0.2 percent decrease in November 2014.

“Although most retail industries were up in December, fuel spending fell significantly,” acting business indicators manager Tehseen Islam said. “Like November, the fall in fuel spending coincided with falling fuel prices.”

The largest retail movements in December 2014 were:

  • fuel, down $23 million (3.2 percent)
  • consumables, up $14 million (0.8 percent).

Core retail spending (which excludes the vehicle-related industries) rose 0.1 percent in December 2014.

The total value of electronic card spending, including the two non-retail industries (services and other non-retail), fell 0.3 percent.

Trends for the total, retail, and core retail series have all generally been rising since these series began in October 2002, although the total and retail series have eased in recent months.

In unadjusted terms, card-holders made 139 million transactions across all industries in December, with an average value of $54. The total amount spent across all transactions was $7.5 billion.

This data is not adjusted for price changes and is available only at the national level.

Ends

For media enquiries contact: Tehseen Islam, Christchurch 03 964 8700, [email protected]

Authorised by Liz MacPherson, Government Statistician, 14 January 2015

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