📋 Tender Overview
Retail card spending fell 0.6 percent in October 2019 with less spent on long-lasting goods such as hardware and appliances as well as a dip in day-to-day spending on food and drinks Stats NZ saida. This dip in retail spending comes after four months of higher sales retail statistics manager Sue Chapman said.Spending fell across four of the six retail industries. The biggest falls in October were seen for hardware appliances department stores and pharmaceuticals durables and groceries and liquor consumables. Durables fell 11 million 0.8 percent and consumables fell 11 million 0.5 percent.The falls in spending on longer-lasting goods and day-to-day food and liquor shows how variable these industries can be from month to month. However compared with the year before overall card spending has been fairly steady over the last year Ms Chapman said. Core retail spending excluding vehicle-related industries fell 0.6 percent in October after a 0.4 percent rise in September.The total value of electronic card spending including the two non-retail categories services and non-retail fell 0.2 percent in October following a 0.6 percent rise in September 2019. The non-retail category includes travel health and wholesaling. In actual terms retail spending using electronic cards was 5.8 billion up 1.6 percent 89 million from October 2018. Values are only available at the national level and are not adjusted for price changes.
