FOREX TradingCharts.com

Financial News: New Zealand Overall Card Spending Rises 2.5% In

New Zealand Overall Card Spending Rises 2.5% In January

02/12/2017 - 19:45:00 (RTTNews)

(RTTNews) - Overall credit card spending in New Zealand climbed a seasonally adjusted 2.5 percent on month in January, Statistics New Zealand said on Monday.

That beat forecasts for an increase of 1.0 percent following the flat readings in December.

Retail credit card spending jumped 2.7 percent to NZ$5.1 billion, topping expectations for 0.7 percent and up from the flat readings in December and November.

All six retail industries were up on month, marking the biggest percentage increase since January 2006.

In January, the largest seasonally adjusted increase was from the durables industry, up NZ$37 million (3.1 percent). This follows falls in the previous three months. The durables industry includes furniture, hardware, and appliance retailing.

"The lift in retail card spending in January was across the board, from food and liquor to clothing, petrol, and cars, as well as a bounce back for furniture, hardware, and appliances," business indicators senior manager Neil Kelly said.

Core retail spending (which excludes the vehicle-related industries) rose 2.5 percent after a 0.7 percent fall in December and a 0.4 percent fall in November.

Trends for the total, retail, and core retail series have generally been rising since these series began in October 2002, the bureau said, but the core retail trend has been easing in recent months.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


ECB's Praet Says Populist Narrative Against Euro Deceptive (04 min(s), 45 sec(s) ago)
(RTTNews) - Populist narrative that things were better before the euro is a deception and the sing ...Full Story»

U.S. Durable Goods Orders Climb 1.7% Amid Jump In Aircraft Demand (20 min(s), 45 sec(s) ago)
(RTTNews) - Reflecting a continued increase in demand for commercial aircraft and parts, the Comme ...Full Story»

U.S. Durable Goods Orders Climb More Than Expected In February (51 min(s), 45 sec(s) ago)
(RTTNews) - Reflecting a continued increase in demand for commercial aircraft and parts, the Comme ...Full Story»

Portugal's Budget Deficit Narrows In 2016 (18 min(s), 45 sec(s) ago)
(RTTNews) - Portugal's budget deficit narrowed in 2016, according to the data published by Sta ...Full Story»

Eurozone Private Sector Activity Expands Most In Nearly 6 Years (03 min(s), 45 sec(s) ago)
(RTTNews) - Eurozone private sector activity expanded at the fastest pace in almost six years in M ...Full Story»

Russia Central Bank Unexpectedly Cuts Key Rate, Signals More Reduction (50 min(s), 45 sec(s) ago)
(RTTNews) - Russia's central bank unexpectedly reduced its key interest rate on Friday, after ...Full Story»

Moody's Retains New Zealand's Aaa Issuer Rating (42 min(s), 45 sec(s) ago)
(RTTNews) - Moody's Investors Service maintained New Zealand's rating at 'Aaa' wit ...Full Story»

Kuroda Sees No Reason Now For BoJ To Withdraw Stimulus (01 min(s), 45 sec(s) ago)
(RTTNews) - Japan's economy is more firmly progressing towards a recovery, but there was still ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

ECB's Praet Says Populist Narrative Against Euro Deceptive

03/24/2017 - 09:53 AM (RTTNews)
(RTTNews) - Populist narrative that things were better before the euro is a deception and the sing ...Full Story>>

U.S. Durable Goods Orders Climb 1.7% Amid Jump In Aircraft Demand

03/24/2017 - 09:09 AM (RTTNews)
(RTTNews) - Reflecting a continued increase in demand for commercial aircraft and parts, the Comme ...Full Story>>

U.S. Durable Goods Orders Climb More Than Expected In February

03/24/2017 - 08:40 AM (RTTNews)
(RTTNews) - Reflecting a continued increase in demand for commercial aircraft and parts, the Comme ...Full Story>>

Portugal's Budget Deficit Narrows In 2016

03/24/2017 - 08:07 AM (RTTNews)
(RTTNews) - Portugal's budget deficit narrowed in 2016, according to the data published by Sta ...Full Story>>

Eurozone Private Sector Activity Expands Most In Nearly 6 Years

03/24/2017 - 07:52 AM (RTTNews)
(RTTNews) - Eurozone private sector activity expanded at the fastest pace in almost six years in M ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.