Retail card spending up in July

Electronic Card Transactions: July 2015  –  Media Release

Retail spending using electronic cards was $4.6 billion in July 2015, up $244 million (5.6 percent) from July 2014, Statistics New Zealand said today.

When adjusted for seasonal effects, retail spending rose 0.4 percent in July 2015 compared with June 2015. This rise follows a 0.5 percent rise in June.

“All six retail industries had higher sales this month,” business indicators manager Neil Kelly said. “Apparel had the largest increase, while the other five industries rose modestly – though two of these were almost unchanged.”

Core retail spending (which excludes the vehicle-related industries) rose 0.5 percent in July 2015, following a 0.1 percent rise in June.

The total value of electronic card spending, including the two non-retail industries (services and other non-retail), rose 1.1 percent. This follows a 0.7 percent rise in June 2015.

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, 11 August 2015

business-feed

Facebook Comments