10 Mar 2017

Electronic spending falls

12:39 pm on 10 March 2017

Spending using credit, debit and charge cards has fallen.

Eftpos machine

Eftpos machine Photo: 123rf

Official figures show spending using electronic cards fell a seasonally-adjusted 0.6 percent in February when compared with the month before, when it notched a strong gain.

People spent less on items around the home, including furniture and electronics.

Core retail spending, which excludes the vehicle sector, fell 0.7 percent last month, following a solid January result.

On an annual basis, retail spending climbed 2.6 percent to hit $4.8 billion in the year to February.

Get the new RNZ app

for ad-free news and current affairs