Economic Buzz: Electronic Retail Spending Rises In New Zealand

10 May 2022 , 12:08 PM

The value of electronic retail card spending in New Zealand was up a seasonally adjusted 7.0 percent on month in April, following the 1.3 percent decline in March, as reported by Statistics New Zealand. By spending category, the movements were: consumables, up NZ$118 million (5.2 percent); apparel, up NZ$46 million (16.8 percent); fuel, up NZ$18 million (3.3 percent); durables, up NZ$15 million (0.9 percent); and motor vehicles (excluding fuel), up NZ$1 million (0.5 percent). On a yearly basis, electronic retail card spending was up 2.1 percent after slipping 0.5 percent in the previous month. Cardholders made 146 million transactions across all industries in April 2022, with an average value of NZ$56 per transaction. The total amount spent using electronic cards was NZ$8.1 billion.Powered by Commodity Insights