Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Spending on durables pushes up core retail

Spending on durables pushes up core retail – Media release

11 November 2013

Electronic card spending in the core retail industries rose 1.8 percent in October 2013, after removing seasonal fluctuations, Statistics New Zealand said today. This follows a decrease of 1.0 percent in September 2013.

"October's increase in core retail spending was the largest since records began in October 2002," industry and labour statistics manager Blair Cardno said.

"Durables accounted for most of the extra spending, although shoppers did spend more in all six of the retail industries."

Durables rose $46 million (4.3 percent). This was the largest increase since the series began and followed a decrease of $35 million (3.2 percent) in September 2013. The durables series has been volatile in recent months, but the trend has continued to increase steadily.

Spending in total retail (which includes the motor vehicle-related industries) was up 1.4 percent in October 2013, following a decrease of 0.9 percent in September 2013.

The value of total card transactions was up 1.1 percent, following a decrease of 0.3 percent in September 2013.

All of the trends for the total series have generally been increasing since October 2002 and remain positive.

In unadjusted terms, 116 million transactions were made across all industries in October, with an average value of $51. The total amount spent across all transactions was $6.0 billion.

Visit Electronic Card Transactions: October 2013

ElectronicCardTransactionsOct13.pdf

ectoct13tables.xls

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Gordon Campbell: On The IOC’s Treatment Of Russian Sport, And Lone Wolf Terrorism

A blanket ban on Russian athletes would also have exposed the IOC to criticism that its treatment of Russia would have been marked contrast to its treatment say, of the track and field team from Kenya – a country about which the IOC has very similar doping concerns. More>>

ALSO:

Sounds Like A Plan: Auckland Council Receives Unitary Plan Recommendations

A key milestone in New Zealand planning history was reached today when the Independent Hearings Panel delivered the reports containing its recommendations on the Proposed Auckland Unitary Plan. More>>

ALSO:

National Park Expansion: Forests And Coast Of Kahurangi Protected

Five parcels of high value land totalling more than 890 hectares have been formally gazetted as part of the National Park. More>>

ALSO:

PPP Go-Ahead: SkyPath Gets Unanimous Support

Auckland’s SkyPath project has been given the go-ahead to be delivered through a public private partnership, after a unanimous decision at today’s Finance and Performance Committee. More>>

ALSO:

Gordon Campbell: On The Reserve Bank, The UN Shortlist, And Trump

Can there really be there any link between the US presidential elections and yesterday’s RBNZ signals on interest rates and the NZ dollar? Well, maybe. And it would be this: the improving US economy is reportedly putting a tailwind behind the US dollar, and rendering the actions of our Reserve Bank virtually irrelevant. More>>

ALSO:

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news