21 Nov 2008

Electronic retail spending up

12:45 pm on 21 November 2008

Electronic retail card sales rose 0.5% in October due to higher spending on durable goods and clothing.

Statistics New Zealand says electronic card transactions, which include the use of debit, credit and charge cards but not cash or cheques; rose to $3.8 billion last month.

Excluding motor vehicle-related industries, electronic transactions for core retail groups rose a seasonally adjusted 1%.

Overall, seasonally adjusted electronic card spending rose 0.5%.