Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Grocery and liquor retailing lift card spending in April

Grocery and liquor retailing lift card spending in April – Media release

10 May 2017

Retail spending using electronic cards was $5 billion in April 2017, up $218 million (4.5 percent) from April 2016, Stats NZ said today.

When adjusted for seasonal effects, monthly retail card spending rose 1.1 percent in April 2017 compared with March 2017. The largest rise came from the consumables industry, up $42 million (2.2 percent). The consumables industry includes grocery and liquor retailing.

“The rise in retail card spending in April was driven by a record increase in grocery and liquor spending, which follows flat March and February months,” business indicators senior manager Neil Kelly said. "This was the largest increase in grocery and liquor spending since the series began."

Spending rose in three of the six retail industries in April. The largest movements were:

• consumables, up $42 million (2.2 percent)
• durables, up $15 million (1.3 percent)

Core retail spending (which excludes the vehicle-related industries) rose 1.4 percent in April 2017, after an unchanged March 2017.

The total value of electronic card spending, including the two non-retail industries (services, and other non-retail), rose 0.5 percent in April 2017. This follows a 0.5 percent rise in March 2017.

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.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

Ends

For more information about these statistics:

• Visit Electronic Card Transactions: April 2017
• See CSV files for download
• Open the attached files

ElectronicCardTransactionsApr17.pdf

ect201704tables.xlsx

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.