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Financial News: New Zealand Overall Credit Card Spending Sinks 0.6%

New Zealand Overall Credit Card Spending Sinks 0.6% In December

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

(RTTNews) - The total value of overall credit card spending in New Zealand was down 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 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.

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.

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