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Financial News: New Zealand Electronic Card Spending Plummets In April

New Zealand Electronic Card Spending Plummets In April

05/10/2020 - 20:13:00 (RTTNews)

(RTTNews) - The total value of overall electronic spending in New Zealand was down a seasonally adjusted 48 percent or NZ$3.5 billion in April, Statistics New Zealand said on Monday - following the 8.6 percent drop in March.

Spending in the retail industries fell 47 percent (NZ$2.6 billion), while spending in the core retail industries - which excludes the automobile-related industries) fell 44 percent (NZ$2.2 billion).

The non-retail (excluding services) category was down NZ$686 million (47 percent), and the services category fell NZ$200 million (84 percent) in April 2020.

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