Card transactions rose 1.1% in August, double what was expected.
Nevil Gibson Tue, 10 Sep 2019
Lower petrol prices in August persuaded consumers to open up their wallets in a stronger than expected rise in retail card spending.
Though some regard electronic payments as not the most reliable guide to spending trends, the last data showed a 1.1% monthly jump after a period of softness
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).