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New Zealand retail card transactions up by 3.7% in March 2015

RBR Staff Writer Published 14 April 2015

The value of retail spending using electronic cards has increased by 3.7% to $4.7bn in March 2015, when compared to the same period last year.

According to the figures released by the Statistics New Zealand, card spending has increased in all retail industries, except for fuel.

The retail spending, when adjusted for seasonal effects, has increased by 0.8% in March this year, when compared to the previous month. This comes after a 1.1% rise in February.

Statistics New Zealand business indicators manager Neil Kelly said: "After removing seasonal effects, spending rose in four of the six retail industries.

"The largest increase came from the consumables industry."

The core retail spending, which does not include vehicle-related industries, witnessed 0.8% rise in March, after posting 1.2% rise in February 2015.

The report highlights that the total value of electronic card spending, including the two non-retail industries that includes services and other non-retail, increased by 1.3% after a 0.4% rise in February 2015.