FOREX TradingCharts.com

Financial News: New Zealand December Credit Card Spending Slips 0.6%

New Zealand December Credit Card Spending Slips 0.6%

01/15/2020 - 17:20:00 (RTTNews)

(RTTNews) - The total value of overall credit card spending in New Zealand fell a seasonally adjusted 0.6 percent on month, Statistics New Zealand said on Thursday - after climbing a downwardly revised 0.9 percent in November (originally 1.0 percent).

The value of retail credit card sales fell 0.8 percent or NZ$49 million after jumping 2.6 percent in the previous month.

Spending in the core retail industries (which excludes vehicle-related industries) was down 0.9 percent of NZ$47 million.

By industry, the movements were: consumables, up NZ$4.7 million (0.2 percent); hospitality, up NZ$4.3 million (0.4 percent); motor vehicles (excluding fuel), down NZ$2.8 million (1.5 percent); apparel, down NZ$6.1 million (1.9 percent); fuel, down NZ$7.4 million (1.3 percent); and durables, down NZ$37 million (2.5 percent).

Cardholders made 174 million transactions across all industries in December, with an average value of NZ$53 per transaction. The total amount spent using electronic cards was NZ$9.3 billion.

For the fourth quarter of 2019, spending in the retail industries rose 1.0 percent (NZ$165 million) on quarter and spending in the core retail industries rose 1.0 percent (NZ$147 million).

By industry, the quarterly movements were: durables, up NZ$103 million (2.4 percent); hospitality, up NZ$59 million (1.8 percent); consumables, up NZ$39 million (0.6 percent); fuel, up NZ$18 million (1.1 percent); motor vehicles (excluding fuel), up NZ$4 million (0.7 percent); and apparel, down NZ$3.6 million (0.4 percent).

The total value of electronic card spending, including the two non-retail categories (services and other non-retail), was up NZ$140 million (0.6 percent) in the December 2019 quarter. This follows a 0.7 percent rise in the September 2019 quarter.

The non-retail (excluding services) category fell NZ$33 million (0.6 percent) and the services category rose NZ$21 million (2.3 percent) from the September 2019 quarter.

In actual terms, the total amount spent using electronic cards was NZ$25.6 billion, up NZ$837 million (3.4 percent) from the December 2018 quarter.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


IMF Lowers Global Growth Forecast As India Loses Steam (18 min(s), 27 sec(s) ago)
(RTTNews) - The International Monetary Fund on Monday cut the global growth forecasts for this yea ...Full Story»

IMF Lowers Global Growth Forecast As India Loses Steam (26 min(s), 27 sec(s) ago)
(RTTNews) - The International Monetary Fund on Monday cut the global growth forecasts for this yea ...Full Story»

German Economy Probably Stagnated In Q4 - Bundesbank (01 hr(s), 27 min(s), 27 sec(s) ago)
(RTTNews) - Germany's economy likely stagnated in the final three months of 2019, the Bundesba ...Full Story»

Moody's Lowers Hong Kong Credit Rating, Outlook (01 hr(s), 40 min(s), 27 sec(s) ago)
(RTTNews) - Moody's Investors Service lowered Hong Kong's credit rating and outlook on Mon ...Full Story»

Moody's: UK Credit Conditions To Remain Stable In 2020 (03 hr(s), 05 min(s), 27 sec(s) ago)
(RTTNews) - Credit quality of new securitisations and covered bonds in the UK will remain stable t ...Full Story»

Pressures On British Household Finances Ease: IHS Markit (03 hr(s), 30 min(s), 27 sec(s) ago)
(RTTNews) - Pressures on the UK household finances eased in January, a consumer survey from IHS Ma ...Full Story»

China Keeps Loan Prime Rates Unchanged (03 hr(s), 28 min(s), 27 sec(s) ago)
(RTTNews) - China kept its benchmark lending rates unchanged for the second straight month, as wid ...Full Story»

Norway Industrial Confidence Falls In Q4 (03 hr(s), 53 min(s), 27 sec(s) ago)
(RTTNews) - Norway industrial confidence decreased in the fourth quarter, data from Statistics Nor ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

IMF Lowers Global Growth Forecast As India Loses Steam

01/20/2020 - 10:15 AM (RTTNews)
(RTTNews) - The International Monetary Fund on Monday cut the global growth forecasts for this yea ...Full Story>>

IMF Lowers Global Growth Forecast As India Loses Steam

01/20/2020 - 10:07 AM (RTTNews)
(RTTNews) - The International Monetary Fund on Monday cut the global growth forecasts for this yea ...Full Story>>

German Economy Probably Stagnated In Q4 - Bundesbank

01/20/2020 - 09:06 AM (RTTNews)
(RTTNews) - Germany's economy likely stagnated in the final three months of 2019, the Bundesba ...Full Story>>

Moody's Lowers Hong Kong Credit Rating, Outlook

01/20/2020 - 08:53 AM (RTTNews)
(RTTNews) - Moody's Investors Service lowered Hong Kong's credit rating and outlook on Mon ...Full Story>>

Moody's: UK Credit Conditions To Remain Stable In 2020

01/20/2020 - 07:28 AM (RTTNews)
(RTTNews) - Credit quality of new securitisations and covered bonds in the UK will remain stable t ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.