Clothing sales lead card spend-up

  • 11/08/2015
Clothing sales lead card spend-up

New Zealand spending on electronic cards has risen for the third consecutive month, led by a surge in spending on apparel.

The value of core retail spending, which strips out fuel and vehicle related items, rose 0.5 percent to $3.9 billion in July from June, accelerating from the previous month's revised 0.1 percent gain, according to Statistics New Zealand.

On an annual basis, core retail spending rose 6.6 percent from July last year.

A lift in spending was recorded across all but one of the retail sectors, with durables unchanged at $1.1b.

Apparel snapped four consecutive months of decline to rise 3.6 percent to $295 million, while consumables, the largest retail measure, rose 0.2 percent to $1.7b and hospitality gained 0.7 percent to $796.

Outside the core retail sector, electronic card spending on fuel rose 0.1 percent to $631M, while vehicles gained 2.4 percent to $152M.

Overall, the total retail sector rose 0.4 percent to $4.7b, for an annual gain of 5.6 percent.

NZN

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