Overall credit card spending in New Zealand declined a seasonally adjusted 0.6 percent on month in May, Statistics New Zealand said on Friday.
That follows the downwardly revised 1.3 percent increase in April (originally 1.5 percent).
Retail credit card spending slid 0.3 percent to NZ$4.8 billion following the downwardly revised 0.8 percent gain (originally 0.9 percent).
Retail card spending was up 3.3 percent of NZ$152 million from May 2015.
Of the six retail industries, the only decrease in spending was in the fuel industry, down NZ$40 million (6.6 percent).
"Despite recent rises, the price of fuel is still around 10 cents lower than what it was in May last year," business indicators senior manager Neil Kelly said.
The largest movements in May were: fuel, down NZ$8.9 million (1.5 percent); consumables, up NZ$7.3 million (0.4 percent); and hospitality, down NZ$6.4 million (0.7 percent).
Both the fuel and hospitality industries had increases (1.7 percent and 1.5 percent, respectively) in April.
Transactions in the core retail industries (which excludes the vehicle-related industries) were down 0.1 percent after a 0.3 percent rise in April.
by RTT Staff Writer
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