Retail card spending up in November

Electronic Card Transactions: November 2015  –  Media Release

Retail spending using electronic cards was $4.9 billion in November 2015, up $176 million (3.7 percent) from November 2014, Statistics New Zealand said today.

When adjusted for seasonal effects, retail spending was up 0.3 percent in November 2015, following a flat result in October 2015 and a 0.9 percent rise in September.

“Card spending across the six retail industries was mixed in November, with four up and two down,” business indicators senior manager Neil Kelly said. “Hospitality had the largest rise, while durables fell the most.”

Core retail spending (which excludes the vehicle-related industries) rose 0.4 percent in November 2015, following a 0.1 percent rise in October.

The total value of electronic card spending, including the two non-retail industries (services and other non-retail), was up 0.2 percent in November 2015. This follows a flat result in the total spending in October.

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 December 2015

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