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.

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

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>

OECD: NZ Economic Expansion Faces Long Term Challenges

The OECD Economic Survey of New Zealand discusses the gap between the strong short-term outlook and long-term challenges posed by low productivity growth and a changing labour market. More>>

ALSO:

GDP: