Mixed results in October card spending

Electronic Card Transactions: October 2015  –  Media Release

Retail spending using electronic cards was $4.9 billion in October 2015, up $260 million (5.6 percent) from October 2014, Statistics New Zealand said today. Spending rose in five of the six retail industries, with a fall in fuel spending.

When adjusted for seasonal effects, retail spending was flat in October 2015 compared with September 2015. This rise follows a 0.9 percent rise in September.

“Retail spending was unchanged this month after rises in recent months,” business indicators senior manager Neil Kelly said. “Of the retail industries, consumables had the largest rise, while the largest fall was in fuel.”

Core retail spending (which excludes the vehicle-related industries) rose 0.2 percent in October 2015, following a 1.2 percent rise in September.

The total value of electronic card spending, including the two non-retail industries (services and other non-retail), was also unchanged. This follows a 0.6 percent rise in September 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, 10 November 2015

business-feed

Facebook Comments