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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

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