Retail card spending up in May

Electronic Card Transactions: May 2015  –  Media Release

Retail spending using electronic cards was $4.6 billion in May 2015, up $143 million (3.2 percent) from May 2014, Statistics New Zealand said today.

When adjusted for seasonal effects, retail spending rose 1.2 percent in May 2015 compared with April 2015. This rise follows a decrease of 0.7 percent in April.

“Spending rose in five of the six retail industries,” business indicators manager Neil Kelly said. “Fuel spending had the largest rise, continuing a recent run of increases, but is still below the levels seen before the price falls of late last year.” 

Core retail spending (which excludes the vehicle-related industries) rose 0.4 percent in May 2015, following a 0.9 percent fall in April.

The total value of electronic card spending, including the two non-retail industries (services and other non-retail), rose 1.4 percent. This rise follows a 1.2 percent fall in April.

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

Values are only available at the national level, and are not adjusted for price changes.

Ends

For media enquiries contact: Neil Kelly, Christchurch 03 964 8700, [email protected]
Authorised by Liz MacPherson, Government Statistician, 10 June 2015

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