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Economic Buzz: New Zealand Retail Card Spending Grows 3.5% On Year In December
19-Jan-21   11:28 Hrs IST

New Zealand total retail card spending grew 3.5 percent year-on-year in December, which was faster than the 1.4 percent annual growth posted in November, Statistics New Zealand reported Tuesday. At the same time, actual card spending using electronic cards climbed 4.3 percent or NZ$20 billion. Retail spending rose in four of the six industries in December. Spending on groceries and liquor had the largest retail industry rise, up 7.5 percent. Spending on long-lasting goods advanced 6.7 percent.

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