Retail spending using electronic cards up in December
Retail spending using electronic cards was up a seasonally adjusted 0.7 percent in December, Statistics New Zealand (SNZ) says.Vehicle fuel was the main factor in the rise, as it had been in rises in the series since last July.Core retail sales, which exc
Retail spending using electronic cards was up a seasonally adjusted 0.7 percent in December, Statistics New Zealand (SNZ) says.
Vehicle fuel was the main factor in the rise, as it had been in rises in the series since last July.
Core retail sales, which exclude the vehicle-related industries, rose 0.4 percent from November, driven by consumables such as food, liquor and chemist retailing, SNZ said.
The actual value of transactions in core retail was $4.2 billion, up 3.6 percent from December 2008.
When non-retail industries were included, the total value of electronic card transactions was up by just a seasonally adjusted 0.3 percent.
The non-retail industries, which include services such as travel and health, and wholesaling, were down 1.4 percent last month, SNZ said.
Trends for the value of transactions in the total, retail, and core retail series had all been increasing since January 2009.
Latest figures indicated that the growth rate for the retail series has picked up since last August. For the core retail series, the trend had been comparatively flat in recent months, up 1 percent since June.
Credit card use accounted for 44.6 percent of total transactions in the December quarter, an increase on the two previous quarters. That followed a general decline since the March 2008 quarter when the proportion was 47.7 percent.
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