Fashion
Electronic card spending was up 0.9 per cent month on month in February, according to the latest figures from Stats NZ, which are adjusted for seasonal effects.
This was modest compared to January’s 1.8 per cent month on month increase, though spending rose across five of the six retail industries in February.
The biggest increases were seen in groceries and liquor, where spending was up 1 per cent or $19 million on the previous month, fuel, where spending was up 1.3 per cent or $7.4 million on the previous month, and hospitality, where spending was up 0.7 per cent or $7 million on the previous month.
Vehicles, excluding fuel, was up 2.6 per cent or $4.6 million on January, and apparel was up 0.9 per cent or $2.8 million on January. Only durables was down 0.2 per cent, or $2.5 million.
“The rise in fuel spending coincided with a gradual increase in fuel prices, after a period of lower fuel prices,” Stats NZ retail manager Sue Chapman said.
“Sales of durables such as furniture, hardware and appliances, as well as clothes and shoes, appear to have levelled out in February, after a more volatile patch in December and January,” she said.
Core retail spending, which excludes the fuel and vehicle-related industries) rose 0.9 per cent in February.
Actual retail spending using electronic cards was $5.1 billion in the month, up $168 million, or 3.4 per cent, from February 2018.
