Consumables and hospitality drive increase in retail card spending

Electronic Card Transactions: February 2016  –  Media Release

Retail spending using electronic cards was $4.6 billion in February 2016, up $393 million (9.3 percent) from February 2015, Statistics New Zealand said today. The largest increases were from the consumables and hospitality industries.

“As 2016 is a leap year, February had one more day than last year, so this needs to be taken into account when making comparisons,” business indicators senior manager Neil Kelly said.

When adjusted for seasonal effects, retail spending was up 0.7 percent in February 2016, following a 0.4 percent rise in January 2016.

Spending rose in four of the six retail industries. The largest movements in February 2016 were:

  • consumables, up $32 million (1.8 percent)
  • hospitality, up $13 million (1.6 percent)
  • fuel, down $12 million (2.1 percent).

Core retail spending (which excludes the vehicle-related industries) rose 1.2 percent in February 2016, with increases for all four core retail industries.

The total value of electronic card spending, including the two non-retail industries (services, and other non-retail), was down 0.1 percent in February. This follows a rise of 0.6 percent in January 2016.

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, 9 March 2016

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