Retail card spending flat in February 2023

Retail card spending remained at $6.6 billion in February 2023 compared with January 2023, when adjusted for seasonal effects, according to data released by Stats NZ today.

MonthActualSeasonally adjusted
Feb-2056911400005907384000
Mar-2056514910005635867000
Apr-2028706080002967521000
May-2051882030005282660000
Jun-2057012300006099599000
Jul-2059689570006181027000
Aug-2054389970005717882000
Sep-2057344010006074995000
Oct-2062507220006056768000
Nov-2062560290006026445000
Dec-2074595260006012307000
Jan-2160056760005988954000
Feb-2153914440005852539000
Mar-2159373460005890144000
Apr-2159897110006165683000
May-2161297890006281725000
Jun-2159309140006330397000
Jul-2162521890006422786000
Aug-2148216250005121465000
Sep-2148780990005125438000
Oct-2157744300005629093000
Nov-2164369120006183752000
Dec-2177709840006209579000
Jan-2263464360006382290000
Feb-2254492560005928389000
Mar-2259102540005848153000
Apr-2261139270006270294000
May-2261715020006390358000
Jun-2260428420006404908000
Jul-2262210060006434949000
Aug-2261169810006460385000
Sep-2262708830006544612000
Oct-2267342720006599198000
Nov-2268953410006617471000
Dec-2281462720006463809000
Jan-2365158340006630744000
Feb-2360851250006629340000

Spending rose across most of the retail spending categories. The rises were led by spending on durables (furniture, hardware, and appliances) and consumables (groceries and liquor). Durables rose $48 million (2.9 percent) while consumables increased $32 million (1.2 percent).

The only spending category that saw a decrease was apparel (clothes and shoes), down $11 million (3.0 percent).

Industry (ANZSIC06)$
Consumables31684000
Durables48312000
Apparel-10773000
Motor Vehicles excl. fuel4521000
Fuel12887000
Non-retail excl. services-81620000
Services-675000

Total seasonally adjusted card spending fell in February, down $155 million (1.7 percent).

The largest contributor to the fall in total seasonally adjusted card spending was the non-retail excluding services category, down $82 million (3.9 percent). This category includes transport; travel agents and other tour services; and schools and tertiary education.

In actual terms, total retail card spending increased by $636 million (11.7 percent), and total card spending increased by $1.1 billion (14.9 percent) from February 2022 to February 2023.

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

Electronic card transaction data covers the use of credit and debit cards in shops and online, and includes both the retail and services industries.

/Stats NZ Public Release. View in full here.