New Zealand Electronic Card Retail Sales Sink 1.7% In May

By RTTNews Staff Writer   ✉   | Published:

The total value of electronic card retail spending in New Zealand was down NZ$113 million or a seasonally adjusted 1.7 percent on month in May, Statistics New Zealand said on Monday.

That follows the downwardly revised 0.4 percent increase in April (originally 0.7 percent).

By spending category, the movements were: motor vehicles (excluding fuel), down NZ$0.2 million (0.1 percent); consumables, down NZ$6.8 million (0.3 percent); apparel, down NZ$13 million (3.7 percent); durables, down NZ$13 million (0.8 percent); and fuel, down NZ$25 million (4.5 percent).

On a yearly basis, card sales gained 3.3 percent after climbing 6.4 percent in the previous month.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.