Card-related retail sales down in New Zealand

13:56, June 10, 2011      

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New Zealand retail sales through electronic card transactions were flat in May from April, the government statistics agency announced Friday.

The seasonally adjusted figures for May showed a drop of 0.1 percent, said a statement from Statistics New Zealand.

Core retail spending excluding auto-related industries through debit, credit and charge cards was also down 0.1 percent, although when auto-related transactions were included, the total value of transactions was down 0.8 percent.

Fuel retail sales were down 4.1 percent, the first drop since July last year.

The drop in core retail transactions followed two months of rises by 1.1 percent in March and 1.5 percent in April.

The biggest movements in May were in durables (furniture, hardware and appliances), down 1.1 percent, and hospitality ( accommodation, bars, cafes and restaurants), up 1.6 percent.

"Trends for the value of transactions in the total and retail series have been increasing since January 2009, and the rate of increase has been strong in recent months," said the statement.

"The core retail trend has generally been increasing since the series began in October 2002, and the rate of increase has been fairly constant since December 2010."
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