PRESS RELEASE: Stats NZ
Total card spending across all industries was relatively flat (up 0.1%) in February 2018, when adjusted for seasonal effects, said Stats NZ.
Retail card spending dipped 0.3% in February, after five consecutive monthly increases.
“February’s decline was led by a 0.5% fall in spending on consumables, which includes grocery and liquor retailing,” retail manager Sue Chapman said.
“This is the first decrease in the consumables group since May 2017 and could be the effect of people hunkering down during the two ex-tropical cyclones that hit this month.”
Spending was subdued across most of the six retail industries. There was little or no change in durables (includes hardware, furniture, and appliances), hospitality (accommodation, bars, cafes, restaurants, and takeaways), apparel (clothing and footwear), and fuel.
Core retail sales (which excludes the fuel and vehicle-related industries) rose 0.3%.
Actual retail spending using electronic cards was $4.9n in February 2018, up $157m (3.3%) from February 2017.
By retail industry the movements were:
- motor vehicles, up $3.9m (2.3%)
- apparel, up $1.0m (0.3%)
- hospitality, unchanged
- durables, down $0.1m (relatively unchanged)
- fuel, down $2.5m (0.4%)
- consumables, down $9.5m (0.5%).
Values are only available at the national level, and are not adjusted for price changes.