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

 

Retail card spending nudges up in May

12 June 2018

Retail card spending nudged up for the month of May, Stats NZ said today. The modest 0.4 percent increase was led by consumer spending on household essentials such as groceries and fuel.

When adjusted for seasonal effects, total retail card values rose 0.4 percent in May 2018, following a substantial 2.2 percent fall in the April month.

“Retailers outside the realm of food and fuel trading have had a relatively quiet month with half the retail industries showing falls” retail trade manager Sue Chapman said.

“Spending on personal and household services and non-retail industries including travel, health, and wholesale also dropped in May” Ms Chapman added.

Card spending rose in three of the six retail industries. The largest movements were:

• consumables, including grocery and liquor retailing, up $28 million (1.4 percent) – rebounding from April's 3.6 percent fall

• fuel, up $6 million (0.9 percent)

• apparel, including clothing, footwear, and accessories, down $5 million (1.8 percent).


Core retail spending (which excludes vehicle-related industries) rose 0.4 percent in May 2018, following a 2.1 percent fall in April 2018.

Actual retail spending using electronic cards was $5.2 billion in May 2018, up $208 million (4.2 percent) from May 2017.

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

As mentioned in Retail card spending falls 2.2 percent in April (the news story for the April 2018 electronic card transactions release), we have continued to investigate the data. As a result, we accessed updated information from our suppliers and revised published data from June 2017 to April 2018 inclusive.

We regularly review electronic card transactions data received and examine inconsistent results to ensure releases are economically representative of retail spending in New Zealand.


Authorised by Liz MacPherson, Government Statistician, 12 June 2018.

For more information about these statistics:


• Visit Electronic card transactions: May 2018

• See CSV files for download

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Manawatu-Whanganui Projects: PGF Top-Up To Rural Broadband Roll-Out

The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that don't have access now. More>>

ALSO:

Other Windy Cities: Auckland-Chicago Named A Top 10 ‘Most Exciting’ New Route

The inclusion of Auckland-Chicago on Lonely Planet’s Where to fly in 2019? The 10 most exciting new flight routes list comes just two weeks before Air New Zealand prepares to celebrate its inaugural flight to Chicago’s O’Hare International Airport on 30 November. More>>

Deadly Strain: ESR Ups Its Reporting On Meningococcal Disease

The increasing number of cases of Group W Meningococcal disease (MenW) has prompted ESR to increase its reporting on the disease to the Ministry of Health. ESR has upped its reporting to weekly. More>>

ALSO:

Very Small Things: "Game-Changing" 3D Printing Technology Launched

New Zealand microfabrication researchers Andrea Bubendorfer and Andrew Best, the co-inventors of a new way of fabricating very small things with Laminated Resin Printing (LRP), are part of Callaghan Innovation’s MicroMaker3D team launching the new patent pending technology in the US this week. More>>

ALSO: