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electronic card transactions

Flat consumer spending will put more pressure on government's surplus

Finance Minister Bill English (TV3)

Core retail spending on credit, debit cards slips in June

Value of retail electronic card transactions monthly (Source: NZ Stats)

0.5% rise in November electronic card retail sales tops estimates

Optimism builds for a fourth-quarter sales rebound after a surprise decline in the third quarter.

Retail sales take a dip

Retail sales fell 0.7% last month, according to the latest electronic transactions data.

Electronic transactions jump in January

The run of contradictory economic data continues.

Fuel drives retail card transactions; non-retail down

Electronic card transactions in the retail industries increased by a seasonally adjusted 0.7% in November, according to new Statistics New Zealand data.

But retailers won’t be jumping for joy just yet- fuel sales made up much of the increase.

There were other smaller rises in the apparel (clothing, soft goods and footwear retailing), services (personal and household services, including hire and repair) and durables (which includes furniture, hardware and appliance retailing) industries.