📋 Tender Overview
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.
