10 Jul 2012

Electronic card spending up

5:22 pm on 10 July 2012

Spending on electronic cards jumped in June, with people splurging more on wining and dining.

Statistics New Zealand says spending with eftpos and credit cards rose a seasonally adjusted 0.3% compared with May.

Core retail spending, which strips out fuel and vehicle-related purchases, rose 0.9%.

Hospitality spending, covering accomodation, restaurants and bars, was up 3.1%.

Spending on fuel fell 4%, mirroring decreases in the price of petrol during the month.

The unadjusted value of transactions was up 5.3% from June last year.