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


© Scoop Media

Business Headlines | Sci-Tech Headlines


Up 0.5%: GDP Growth Eases Slightly

Gross domestic product (GDP) rose 0.5 percent in the March 2018 quarter, Stats NZ said today. This followed a 0.6 percent increase in the December 2017 quarter. Growth in service industries more than offset a fall in construction activity. More>>


Baby Formula: Fonterra Satisfied With Beingmate's Response To Error

Fonterra Cooperative Group is satisfied Beingmate Baby & Child Food is taking the right steps to deal with a labelling issue after getting caught out in a widespread audit by Chinese regulatory authorities. More>>


Adjusted, A Deficit: Current Account Turns To Surplus

New Zealand's current-account turned to a surplus in the first quarter, bolstered by the services balance as tourism remained strong. More>>


Housing: Foreign Buyer Ban Gets Smoother Edges

Amendments to the government’s foreign buyer ban, if introduced, would give overseas investors more leeway to put money into New Zealand housing developments. More>>


Te Kuha: Govt Declines Application To Mine Conservation Land

An application to mine coal on public conservation land near Te Kuha in the Buller District has been declined, Minister of Conservation Eugenie Sage and Minister of Energy Resources Megan Woods announced today. More>>