7 Dec 2012

Shopping momentum starting to pick up

11:45 am on 7 December 2012

Christmas shopping is starting to pick up momentum.

Paymark, which processes about three quarters of all electronic transactions, says spending rose more than 4.4% to $4.1 billion in November, compared with the same period a year ago.

The number of transactions rose 5%.

Looking at the past five years, Paymark says the increase is in line with the average November spending trends.