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Electronic Card Transactions: June 2017
Embargoed until 10:45am  –  11 July 2017
Commentary

All figures are seasonally adjusted unless otherwise specified. Seasonally adjusted figures are subject to revision each month, and monthly movements can fluctuate.

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

No change in June 2017 month

The value of electronic card spending in the retail industries had no change in June 2017, following a 0.4 percent fall in May 2017. Hospitality spending offset lower fuel prices.

Four of the six retail industries rose in June 2017. The movements were:

  • hospitality, up $23 million (2.4 percent)
  • consumables, up $8 million (0.4 percent)
  • durables, up $1 million (0.1 percent)
  • vehicles (excluding fuel), up $1 million (0.3 percent)
  • apparel, down $3 million (0.9 percent)
  • fuel, down $19 million (3.2 percent).

Graph, Change to seasonally adjusted card transction values by industry, change from the May 2017 month.

Core retail spending (which excludes the vehicle-related industries) rose 0.8 percent in June 2017, after a 0.3 percent fall in May 2017.

The non-retail (excluding services) industry had no change and the services industry was up $3 million (1.0 percent).

The total value of electronic card spending, including the two non-retail industries (services and other non-retail), rose $9 million (0.1 percent) in June 2017. This follows a 0.1 percent fall in May 2017.

Graph, Value of electronic card retail transactions, monthly, June 2011 to June 2017.

Trends for the total, retail, and core retail series have generally been rising since these series began in October 2002.

In actual terms, card-holders made 135 million transactions across all industries in June 2017, with an average value of $49. The total amount spent across all transactions was $6.5 billion.

June 2017 quarter spending rises

Spending in the retail industries rose $105 million (0.7 percent) in the June 2017 quarter, after a $231 million (1.5 percent) rise in the March 2017 quarter.

Spending rose in four of the six retail industries in the June quarter. The largest rise came from the consumables industry, up $105 million (1.9 percent).

Core retail spending (which excludes the vehicle-related industries) rose $155 million (1.2 percent) in the June quarter, after a $149 million (1.2 percent) rise in the March 2017 quarter.

The total value of electronic card spending, including the two non-retail industries (services and other non-retail), rose $208 million (1.0 percent) in the latest quarter. This follows a $227 million (1.1 percent) rise in the March 2017 quarter.

In actual terms, retail spending using electronic cards was $14.9 billion in the June 2017 quarter, up $675 million (4.7 percent) from the June 2016 quarter.

For more detailed data see the Excel tables in the 'Downloads' box.

Imputation of missing data

As outlined in Electronic Card Transactions: January 2016, Stats NZ has imputed for some missing data for the durables industry. We are currently reviewing this methodology.

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