Retail spending in New Zealand using electronic cards reached NZ$4.6bn ($3bn) in February 2016, up 9.3% compared to the prior year, according to data from Statistics New Zealand.

Spending increased in four of the six retail industries. The largest increases were recorded in the consumables and hospitality industries, where spending rose 1.8% and 1.6% respectively.

Card spending in fuel was down by 2.1%, the report said.

Core retail spending, excluding the vehicle-related industries, was up by 1.2% in February 2016. All the four core retail industries reported increases during this period.

The total value of electronic card spending, which includes the two non-retail industries, dropped 0.1%, following a 0.6% increase in January 2016.

Statistics New Zealand business indicators senior manager Neil Kelly said: "As 2016 is a leap year, February had one more day than last year, so this needs to be taken into account when making comparisons."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.