Retail card spending increases in August

Retail card spending rose $55 million (0.9 percent) in August 2022 compared with July, when adjusted for seasonal effects, Stats NZ said today.

MonthActualSeasonally adjusted
Aug-1954850070005680799000
Sep-1953455360005703089000
Oct-1957695640005706767000
Nov-1961712220005853888000
Dec-1972092060005865271000
Jan-2058914390005862224000
Feb-2056911400005902519000
Mar-2056514910005635156000
Apr-2028706080002967945000
May-2051882030005280282000
Jun-2057012300006086203000
Jul-2059689570006131323000
Aug-2054389970005702512000
Sep-2057344010006089765000
Oct-2062507220006086227000
Nov-2062560290006052133000
Dec-2074595260006025024000
Jan-2160056760005999214000
Feb-2153914440005846159000
Mar-2159373460005884987000
Apr-2159897110006164839000
May-2161297890006270892000
Jun-2159309140006314034000
Jul-2162521890006358562000
Aug-2148216250005101527000
Sep-2148780990005145918000
Oct-2157744300005671183000
Nov-2164369120006211660000
Dec-2177709840006228423000
Jan-2263464360006390725000
Feb-2254492560005916825000
Mar-2259102540005845213000
Apr-2261139270006264216000
May-2261715020006376716000
Jun-2260428420006385036000
Jul-2262210060006369528000
Aug-2261169810006424407000

The increase largely came from spending on consumables, up $18 million (0.7 percent). Consumables include items such as groceries (supermarkets) and liquor.

Industry (ANZSIC06)$
Consumables17912000
Durables-8736000
Apparel-783000
Motor vehicles excl. fuel-87000
Fuel-16662000
Non-retail excl. services20427000
Services8961000

Card spending on fuel continued to fall in August, down $17 million (2.8 percent).

“This fall was influenced by lower fuel prices in August,” business performance manager Ricky Ho said.

In actual terms, total card spending saw a large increase year-on-year of 32.5 percent ($2.1 billion) when compared with August 2021.

“In mid-August 2021, all of New Zealand moved to alert level 4, meaning spending on items such as restaurants, hotels, and non-essential items was significantly reduced. Since then, spending has bounced back because of fewer restrictions,” Mr Ho said.

Spending on durables and hospitality, which were hardest hit during alert level 4 restrictions, saw the largest year-on-year increases. Durables, which include furniture, hardware, and appliances, increased 51.2 percent ($508 million) and hospitality (restaurants and hotels) was up 78.2 percent ($505 million).

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

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

/Stats NZ Public Release. View in full here.