New Zealand’s total retail spending using electronic cards has been increased by 5.8% to NZD4.8bn ($3.41bn) in July 2016, compared to the total retail spending in July 2015, according to Statistics New Zealand.
Statistics New Zealand said that the largest increase was in the hospitality industry, up NZD139m (18%), while the only decrease was in the fuel industry, down NZD54m (8.6%).
Statistics New Zealand business indicators senior manager Neil Kelly said: “People spent more on accommodation and on food and drinks in restaurants and takeaway shops.
“In contrast, they spent less on fuel, with petrol prices falling about 10 cents a litre in July."
When adjusted for seasonal effects, retail spending rose by 0.3% in July 2016 from June 2016. This follows a 1.2% rise in June.
Core retail spending, which excludes the vehicle-related industries, grew by 0.7% in July 2016, after a 1.1% increase in June.
The total value of electronic card spending, including the two non-retail industries, such as services, and other non-retail, was up 0.4% in July. This follows a 1% percent increase in June 2016.