Card spending continues to rise in April

Seasonally adjusted debit and credit card spending rose by $551 million (7.0 percent) in April, Stats NZ said today.

This is a larger increase than was seen in the previous month, when spending rose by only 1.7 percent.

MonthActualSeasonally adjusted
Apr-1954700020005685102000
May-1955200940005612168000
Jun-1952802750005619547000
Jul-1953593080005581840000
Aug-1954850070005680107000
Sep-1953455360005700610000
Oct-1957695640005706668000
Nov-1961712220005853453000
Dec-1972092060005864586000
Jan-2058914390005880263000
Feb-2056911400005903030000
Mar-2056514910005637832000
Apr-2028706080002966015000
May-2051882030005273341000
Jun-2057012300006085453000
Jul-2059689570006123635000
Aug-2054389970005701674000
Sep-2057344010006089260000
Oct-2062507220006080324000
Nov-2062560290006052486000
Dec-2074595260006026144000
Jan-2160056760006021731000
Feb-2153914440005850865000
Mar-2159373460005889606000
Apr-2159897110006160383000
May-2161297890006258845000
Jun-2159309140006312068000
Jul-2162521890006342914000
Aug-2148216250005107484000
Sep-2148780990005138813000
Oct-2157744300005666644000
Nov-2164369120006214877000
Dec-2177709840006231905000
Jan-2263464360006417997000
Feb-2254492560005921059000
Mar-2259102540005846060000
Apr-2261139270006256922000

"With New Zealand moving to the Orange setting just before Easter, Kiwis could enjoy the long weekend and the school holidays with greater freedom. This is reflected in the electronic card spending data, which saw increases across all spending categories," business performance manager Ricky Ho said.

Core retail sales saw a strong increase (7.4 percent) in April. Core retail includes consumables, durables, hospitality, and apparel. The increase was mostly driven by spending on consumables, up $118 million (5.2 percent), and apparel, up $46 million (16.8 percent).

The consumables industry includes groceries and liquor, while the apparel industry includes clothing, shoes, jewellery, and watches.

Industry (ANZSIC06)$
Consumables117555000
Durables14501000
Apparel46238000
Motor Vehicles excl. fuel1039000
Fuel18288000
Non-retail excl. services48231000
Services20555000

The total amount of card spending on services rose by $21 million (6.9 percent) between March and April 2022. This category includes repair and maintenance and personal care, funeral, and other personal services.

In actual terms, card spending on hospitality continued to decrease, down $56 million (4.9 percent) compared with April 2021.

Total actual spending using electronic cards was $8.1 billion, up 2.9 percent from April 2021.

Values are only available at the national level and are not adjusted for price changes.

/Stats NZ Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.