WELLINGTON, Sept 10 (NNN-AGENCIES) – Retail card spending in New Zealand fell 19.8 percent in Aug, as the country went into lockdown in the second half of the month, the statistics department Stats NZ said today.
This latest drop in monthly seasonally adjusted card spending was less than half the drop seen in Apr, 2020, (down 47.3 percent), when the country was in lockdown for almost the entire month, Stats NZ said.
“The card spending habits of New Zealanders were broadly similar during both lockdowns, but this time around we actually saw an increase for one spending category,” business performance manager, Ricky Ho, said in a statement.
Consumables, including groceries, liquor and specialised food was the only spending category that saw an increase in card spending over the month, up 216 million NZ dollars (153.2 million U.S. dollars), or 9.3 percent, statistics showed.
Supermarkets and grocery stores remained open as an essential service during lockdown, but many businesses that sold durables or apparel were not considered essential, Ho said.
The durables spending category, which includes many non-essential items, such as furniture, hardware, and appliances, dropped 35.5 percent in Aug, he said.
In actual terms, cardholders made 28 million fewer transactions compared with Aug, 2020, down 19.4 percent. However, the average value per transaction increased by 9.4 percent over the year, to reach 55 NZ dollars (39 U.S. dollars), the statistics show.
Electronic card transaction data covers the use of credit or debit cards in shops or online, and includes both the retail and services industries, according to Stats NZ.– NNN-AGENCIES
