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

 

Retail card spending flat in July

Retail card spending flat in July

11 August 2014

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

When adjusted for seasonal effects, retail spending was unchanged this month, as it also was in June 2014.

"Spending rose in three retail industries and fell in three during July," business indicators manager Neil Kelly said. "Durables and consumables had the largest rises, while both vehicle-related industries fell."

The three largest retail movements in July 2014 were:
• durables, up $9.8 million (0.9 percent)
• consumables, up $5.4 million (0.3 percent)
• fuel, down $4.8 million (0.6 percent).

Core retail spending (which excludes the vehicle-related industries) rose 0.5 percent in July 2014.

The total value of electronic card spending, including the two non-retail industries (services and other non-retail), fell 0.1 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, 118 million transactions were made across all industries in July, with an average value of $51. The total amount spent across all transactions was $6.0 billion.

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

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Rocket Lab: Launch Expected

Rocket Lab has delayed the roll out of the launch vehicle called Electron by one day, due to weather conditions. The planned launch attempt will now take place on Tuesday, May 23, 2017. More>>

ALSO:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO:

MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>

ALSO: