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Lead on growth coming from outside the major centres
Media Release
Lead on growth coming from outside the major centres
5 April, 2017
Regional New Zealand has led the way in terms of spending growth through Paymark over the past quarter. Underlying spending growth was highest outside of the major centres, moderate in the major centres and generally low in the top half of the South Island.
Highest underlying annual spending growth between March quarters 2016 and 2017 was in Bay of Plenty (+8.5%), Hawke’s Bay (+8.1%) and Nelson (+7.8%). Lowest growth rates were recorded by Marlborough (-2.8%), including Kaikoura, South Canterbury (+3.6%) and West Coast (+3.8%). The nationwide growth rate was 5.7%.
PAYMARK All
Cards Core Retail spending
March 2017
quarter versus same quarter 2016
| Volume | Underlying* | Value | Underlying* | |
| Region | transactions millions | Annual % change | transactions $millions | Annual % change |
| Auckland/Northland | 94.78 | 7.2% | $3,791.6 | 5.8% |
| Waikato | 18.61 | 7.0% | $729.9 | 5.5% |
| BOP | 16.71 | 9.7% | $696.7 | 8.5% |
| Gisborne | 2.31 | 7.4% | $89.3 | 6.0% |
| Taranaki | 5.18 | 4.7% | $201.5 | 4.7% |
| Hawke's Bay | 7.68 | 9.4% | $312.2 | 8.1% |
| Wanganui | 2.79 | 7.5% | $99.6 | 6.0% |
| Palmerston North | 7.00 | 7.0% | $255.1 | 6.1% |
| Wairarapa | 2.41 | 5.6% | $96.3 | 4.6% |
| Wellington | 24.54 | 8.6% | $890.4 | 6.2% |
| Nelson | 5.13 | 9.3% | $219.4 | 7.8% |
| Marlborough | 2.80 | 1.3% | $129.8 | -2.8% |
| West Coast | 1.58 | 6.2% | $73.8 | 3.8% |
| Canterbury | 27.31 | 7.7% | $1,104.8 | 4.1% |
| South Canterbury | 3.57 | 5.2% | $160.5 | 3.6% |
| Otago | 14.70 | 9.5% | $648.8 | 7.0% |
| Southland | 5.38 | 7.8% | $240.4 | 6.6% |
| New Zealand | 244.84 | 7.5% | $9,893.2 | 5.7% |
* Underlying spending excludes large clients moving to or from Paymark within last 12 months
Figure 2: Paymark All Cards Core Retail spending data (March quarter 2017 versus March quarter 2016)
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