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

 


Retail card spending flat in June

Retail card spending flat in June

9 July 2014

Retail spending using electronic cards was flat in June 2014, Statistics New Zealand said today.

When adjusted for seasonal effects, retail spending was unchanged this month, following a 1.2 percent increase in May 2014.

"Spending rose in three retail industries and fell in three during June," business indicators manager Neil Kelly said. "Fuel and hospitality had the largest rises, while durables had the largest fall."

The three largest retail movements in June 2014 were:
• fuel, up $12 million (1.6 percent)
• hospitality, up $3.7 million (0.5 percent)
• durables, down $7.8 million (0.7 percent).

Core retail spending (which excludes the vehicle-related industries) fell 0.4 percent in June 2014.

Including the two non-retail industries (services and non-retail), the total value of electronic card spending rose 0.5 percent.

Trends for the total, retail, and core retail series have all generally been rising since these series began in October 2002.

In unadjusted terms, 112 million transactions were made across all industries in June, with an average value of $51. The total amount spent across all transactions was $5.7 billion.

For more information about these statistics: Visit Electronic Card Transactions: June 2014

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news