Retail card spending up in June – Statistics NZ

Retail card spending up in June – Media release

9 July 2015

Retail spending using electronic cards was $4.3 billion in June 2015, up $206 million (5.0 percent) from June 2014, Statistics New Zealand said today.

When adjusted for seasonal effects, retail spending rose 0.5 percent in June 2015 compared with May 2015. This rise follows an increase of 1.3 percent in May.

"Spending rose in four of the six retail industries," business indicators manager Neil Kelly said. "Fuel spending had the largest rise, returning to the levels seen before the price falls of late last year. The rise in fuel was partially offset by falls in apparel and durables spending."

Core retail spending (which excludes the vehicle-related industries) was flat in June 2015, following a 0.4 percent rise in May.

The total value of electronic card spending, including the two non-retail industries (services and other non-retail), rose 0.6 percent. This rise follows a 1.4 percent rise in May 2015.

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

Values are only available at the national level, and are not adjusted for price changes.

ENDS

© Scoop Media