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Economics
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January boost to card spending may be short-lived

Electronic card spending rises in January, but economists say household budgets are under pressure this year.

Durables spending rises in January, after declines in November and December.

New Zealanders’ appetite to spend bounced back in January, according to data out today from Stats NZ.

Figures show spending using debit, credit and charge cards climbed a seasonally adjusted 2.6%, by $171 million last month, compared with December’s fall.

That marked the first fall in nine

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Jonathan Mitchell Fri, 10 Feb 2023
Contact the Writer: jmitchell@nbr.co.nz
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January boost to card spending may be short-lived
Economics,
97627
true