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

 

Fuel lifts retail card spending in August

11 September 2018

Increased fuel spending by consumers helped lift overall retail card spending in August 2018, Stats NZ said today.

All retail categories increased, with a 1.0 percent rise in total retail card spending when adjusted for seasonal effects.

“Fuel prices rose in August compared with July, contributing to the lift in fuel spending,” retail statistics manager Sue Chapman said. “Fuel spending on electronic cards has generally risen over the last year.”

“Apart from fuel, other retail categories also had increased spending in August,” Ms Chapman added. “This helped lift overall retail spending to its largest monthly rise since March.”

Card spending rose in all six retail industries. The largest movements were for:
• fuel, up $27 million or 4.1 percent (fuel values for July were revised downwards after receiving updated data)
• durables, up $15 million or 1.2 percent
• consumables (grocery and liquor), up $12 million or 0.6 percent.

Core retail spending (which excludes vehicle-related industries) rose 0.7 percent in August 2018, after a 0.3 percent rise in July 2018. This is the fourth consecutive rise in core retail spending.

Actual retail spending using electronic cards was $5.2 billion in August 2018, up $306 million (6.3 percent) from August 2017.

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

For more information about these statistics:

• Visit Electronic card transactions: August 2018
• See CSV files for download


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Climate Summary: NZ’s Equal-2nd Warmest Year On Record

Annual temperatures were above average (+0.51°C to +1.20°C above the annual average) across the majority of New Zealand... 2018 was the equal 2nd-warmest year on record for New Zealand, based on NIWA’s seven-station series which began in 1909. More>>

ALSO:

GDP: Economic Growth Dampens In The September Quarter

Gross domestic product (GDP) rose 0.3 percent in the September 2018 quarter, down from 1.0 percent in the previous quarter, Stats NZ said today... GDP per capita was flat in the September 2018 quarter, following an increase of 0.5 percent in the June 2018 quarter. More>>

ALSO:

Up $1.20: $17.70 Minimum Wage For 2019

Coalition Government signals how it will move toward its goal of a $20 p/h minimum wage by 2021... “Today we are announcing that the minimum wage will increase to $17.70 an hour on 1 April 2019." More>>

ALSO:

Retail: IKEA To Open In New Zealand

Inter IKEA Systems B.V. is today announcing its intentions to grant the Ingka Group exclusive rights to explore expansion opportunities in New Zealand. More>>