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


Eating Out Boosts Retail Card Spending in October

Eating Out Boosts Retail Card Spending in October

People spent more eating out in October 2017, with the hospitality industry up $15 million, Stats NZ said today. This helped nudge retail card spending up 0.3 percent in the month, when adjusted for seasonal effects.

"The latest increase in the hospitality industry reflected spending in bars, cafés and restaurants, and takeaway shops," retail manager Sue Chapman said.

Spending rose in four of the six industries. The largest movement was in the hospitality industry, up $15 million (1.5 percent). The hospitality industry dominated the rise in retail card spending in October.

Fuel spending dipped 0.8 percent in October (seasonally adjusted), although petrol prices rose at the end of October.

Core retail spending (which excludes the vehicle-related industries) rose 0.4 percent in October 2017, after a 0.1 percent rise in September 2017.

Actual retail spending using electronic cards was $5.2 billion in October 2017, up $63 million (1.2 percent) from October 2016.

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


© Scoop Media

Business Headlines | Sci-Tech Headlines


Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>


Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>


Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>