Retail in Asia

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New Zealand’s retail card spending flat in July

Retail spending in New Zealand using electronic cards was flat in July 2014, Statistics New Zealand reported. Retail spending was also unchanged this month, as it also was in June 2014.

"Spending rose in three retail industries and fell in three in July," business indicators manager Neil Kelly said. "Durables and consumables had the largest rises, while both vehicle-related industries fell."

The three largest retail movements in July 2014 were: durables, up USD9.8 million (0.9 percent); consumables, up USD5.4 million (0.3 percent); and fuel, down USD4.8 million (0.6 percent).

Core retail spending (which excludes the vehicle-related industries) rose 0.5 percent in July 2014, while the total value of electronic card spending, including the two non-retail industries (services and other non-retail), fell 0.1 percent.

In unadjusted terms, 118 million transactions were made across all industries in July, with an average value of USD51. The total amount spent across all transactions was USD6.0 billion.  

(Source: Retail in Asia)