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

 

Electronic card spending up 0.3% in October on hospitality

Electronic card spending up 0.3% in October on hospitality gain

By Rebecca Howard

Nov. 10 (BusinessDesk) - New Zealand retail spending on electronic cards rose in October, boosted by the hospitality industry as people spent more eating out.

Seasonally adjusted retail spending on credit and debit cards rose 0.3 percent from September, when it also rose 0.3 percent on the month, Statistics New Zealand said in a statement. Total spending, including non-retail industries, rose 0.4 percent on the month after a flat result in September.

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

Spending rose in four of the six industries. The largest movement was in the hospitality industry, up $15 million or 1.5 percent. Spending on durables fell $5.7 million or 0.5 percent while apparel spending rose $800,000 or 0.3 percent and expenditure on consumables was up $2.2 million or 0.1 percent. Spending on fuel fell $4.7 million or 0.8 percent while spending on motor vehicles was up $1 million or 0.6 percent.

Today's figures show actual retail spending climbed 1.2 percent to $5.2 billion in October from the same month a year ago. Card-holders across all industries made 143 million transactions in October versus 137 million in September. The average value was steady at $48.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

NZ's Space Programme: Rocket Lab Launches NASA Satellites

On Sunday, December 16, 2018 UTC, Rocket Lab’s Electron launch vehicle successfully lifted off from Rocket Lab Launch Complex 1 on New Zealand’s Māhia Peninsula. More>>

ALSO:

Conservation Plan: Celebrity Kiwi Released Into The Wild

One of the nation's most famous kiwi was among four released onto Taranaki Maunga... Atara, a five-year-old male, hatched while David Attenborough's cameras were rolling. More>>

ALSO:

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>>

ALSO:

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>>