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Economics
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Summer fizzer for retail spending

Stats NZ data shows retail spending using electronic cards slumped in February.

Retail spending using e-cards fell a seasonally adjusted 1.8% last month.

Consumers were cautious at the tail end of summer, with electronic card spending falling more than expected in February.

Statistics NZ data out today showed retail spending using debit, credit, and charge cards fell a seasonally adjusted 1.8% last month, compared with January.  

There were broad

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Jonathan Mitchell Tue, 12 Mar 2024
Contact the Writer: jmitchell@nbr.co.nz
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Summer fizzer for retail spending
Economics,
103143
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