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Cars, fuel spending up slightly in August

Posted on 11 September, 2017
Cars, fuel spending up slightly in August

Stats NZ has released figures for electronic card spending for the month of August showing a marginal decrease in spending across the board, but small increases in specific industries. August saw a small increase in spending on vehicles, up $1.6 million, or 0.9 per cent to $169 million. Compared to the same month last year, spending on vehicles is up 0.69 per cent. Spending on fuel also rose slightly, up $2.1 million or 0.4 percent to $551 million, following a 6 per cent fall in July. Spending on fuel is down 2.6 per cent on the same month last year. Spending in the retail industries fell 0.2 per cent, while the non-retail (excluding services) industry rose $19 million or 1.3 per cent, and the services industry was up $2 million or 0.8 per cent. Cardholders made 139 million transactions across all industries in August 2017, with an average value of $48. The total amount spent across all transactions was $6.7 billion.