New Zealanders spend less on food and beverage in January
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E-mail Xinhua, February 12, 2020
WELLINGTON, Feb. 12 (Xinhua) -- Retail card spending dipped across New Zealand in January with less spent on food and beverage, and groceries and liquor, said New Zealand statistics department Stats NZ on Wednesday.
When adjusted for seasonal effects, retail spending fell 0.1 percent in January 2020, after a 0.9 percent fall in December.
"Retail card spending has slowed over the last couple of months on the back of a very strong November month," retail statistics manager Sue Chapman said.
The largest decrease came from the food and beverage industry, down 1.0 percent, or 11 million New Zealand dollars (7.1 million U.S. dollars).
The next largest decrease came from groceries and liquor spending, down 0.3 percent, or 7 million New Zealand dollars.
In actual terms, total retail spending using electronic cards was 5.9 billion New Zealand dollars. (1 New Zealand dollar equals 0.64 U.S. dollar) Enditem
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