Thursday , February 22 2018

Electronic card transactions for January

For January 2018, compared with December 2017, spending with electronic cards rose a significant average of 1.4 percent in New Zealand, with hospitality rising by 1.5 percent.

Hospitality saw the biggest industry rise, on par with fuel which was up $9 million at 1.5 percent. This puts it ahead of durables, consumables, apparel and motor vehicles.

The total value of electronic card spending, including the two non-retail industries (services and other non-retail), rose 0.6 percent in January. This follows a 0.2 percent rise in December 2017.

The non-retail (excluding services) industry fell $16 million (1.1 percent) and the services industry fell $3.6 million (1.3 percent).

In actual terms, cardholders made 141 million transactions across all industries in January 2018, with an average value of $50 per transaction. The total amount spent across all transactions was $7.0 billion.

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