Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Total retail spending flat in March


Total retail spending flat in March

9 April 2014

Total retail spending using electronic cards was flat in March 2014, Statistics New Zealand said today.

When adjusted for seasonal effects, total retail spending was unchanged this month, following a 0.8 percent increase in February 2014.

"Spending rose in three retail industries during March and fell in three," business indicators manager Neil Kelly said. "Fuel had a large fall for the second consecutive month, while consumables had the largest increase."

The three largest retail movements in March 2014 were:
• fuel, down 1.7 percent ($13 million)
• apparel, down 2.4 percent ($7 million)
• consumables, up 0.4 percent ($6 million).

Core retail (which excludes the motor vehicle-related industries) was also flat, rising 0.1 percent in March 2014.

The total value of electronic card spending fell 0.2 percent.

Trends for the value of transactions in the total, retail, and core retail series have all generally been positive since these series began in October 2002. For each series, the rate of increase has eased in recent months.

In unadjusted terms, 119 million transactions were made across all industries in March, with an average value of $52. The total amount spent across all transactions was $6.2 billion.

For more information about these statistics:

• Visit Electronic Card Transactions: March 2014
ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

March 2017: Commerce Commission Delays Decision On Fairfax-NZME

The Commerce Commission has delayed its decision on the proposed merger between NZME and Fairfax Media's New Zealand assets, saying the deal is complex and it needs more time to assess the impact on both news content and the advertising market. More>>

ALSO:

Plan Plan: Permanent Independent Hearings Panel Proposed For Planning

The Productivity Commission recommends creating a permanent independent hearings panel like the one that cut through local politics to settle Auckland’s Unitary Plan, for the whole country. More>>

ALSO:

Statistics: NZ Jobless Rate Falls To 5.1% Under New Methodology

New Zealand's unemployment rate fell more than expected in the second quarter as Statistics New Zealand adopted a new way of measuring the labour market to bring the country in line with international practices, and while a growing economy continued to support jobs growth. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news