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Largest quarterly percentage lift in retail card spending since 2010

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Quarterly retail card spending in the September 2018 quarter rose at its fastest pace in seven and a half years, Stats NZ said today.

The lift was widespread, led by increased grocery and liquor spending, as well as fuel.

When adjusted for seasonal effects, retail card spending was up 2.3 percent in the September 2018 quarter, the largest percentage rise since the December 2010 quarter.

“The September quarter’s strong rise came after a slight dip in the June 2018 quarter,” retail statistics manager Sue Chapman said.

Spending rose in all six retail industries in the latest quarter. The largest rise came from the consumables industry (grocery and liquor retailing), up $140 million (2.4 percent). This follows a 0.6 percent fall in the June 2018 quarter. The second largest rise came from the fuel industry, up $65 million (3.4 percent). This follows a 0.3 percent fall in the June 2018 quarter.

“The fuel industry rise coincided with rising petrol prices,” Ms Chapman said.

“Petrol prices rose to record levels, up more than 15 cents a litre by the end of September and more in Auckland after the regional fuel tax was introduced.”     Continue to read article  . . .>

  • Source/ReadMore: A StatsNZ release
Published in BUSINESS
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Palace of the Alhambra Spain

Palace of the Alhambra, Spain

By: Charles Nathaniel Worsley (1862-1923)

From the collection of Sir Heaton Rhodes

Oil on canvas - 118cm x 162cm

Valued $12,000 - $18,000

Offers invited over $9,000

Contact:  Henry Newrick – (+64 ) 27 471 2242

Henry@HeritageArtNZ.com

 

Mount Egmont with Lake

Mount Egmont with Lake 

By: John Philemon Backhouse (1845-1908)

Oil on Sea Shell - 13cm x 14cm

Valued $2,000-$3,000

Offers invited over $1,500

Contact:  Henry Newrick – (+64 ) 27 471 2242

Henry@HeritageArtNZ.com

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