Slight dip in retail card spending

Retail card spending dipped in July 2019, Stats NZ said today.

Retail card spending has been flat for most of 2019, dipping 0.1 percent in July, when adjusted for seasonal effects.

MonthPercentage
Jul-160.6
Aug-16-1.1
Sep-161.6
Oct-160.6
Nov-16-0.2
Dec-160.2
Jan-171.8
Feb-17-0.3
Mar-17-0.1
Apr-170.8
May-170.1
Jun-17-0.1
Jul-17-0.1
Aug-170.1
Sep-170.2
Oct-170.4
Nov-171.4
Dec-170.3
Jan-180.9
Feb-18-0.1
Mar-181.8
Apr-18-2.5
May-181.2
Jun-180.8
Jul-180.2
Aug-181
Sep-180.9
Oct-180
Nov-18-0.5
Dec-18-2.2
Jan-192.1
Feb-190.6
Mar-19-0.1
Apr-190.3
May-19-0.4
Jun-190
Jul-19-0.1

Compared with June 2019, spending fell across most retail industries. The only increase came from the fuel industry, which was up $15 million (2.7 percent).

"This increase is likely due to higher fuel prices at the pump," retail statistics manager Sue Chapman said.

For the retail industries, the biggest falls in July were seen for durables (hardware, appliances, department stores, and pharmaceuticals) and apparel (clothing, footwear and accessories). Durables fell by $11 million (0.9 percent) and apparel fell by $10 million (3.2 percent).

Industry$
Fuel15444000
Hospitality-317000
Consumables-1599000
Vehicles (excluding fuel)-1630000
Apparel-9985000
Durables-11256000
Services577000
Non-retail (excluding services)-17962000

Core retail spending (excluding vehicle-related industries) fell 0.5 percent in July, after a 0.3 percent rise in June.

The total value of electronic card spending, including the two non-retail categories (services and non-retail), fell 0.3 percent in July, following no change in June 2019. The non-retail category includes travel, health, and wholesaling.

In actual terms, retail spending using electronic cards was $5.2 billion, up 1.6 percent ($84 million) from July 2018.

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

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