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Electronic Card Transactions: February 2009
Embargoed until 10:45am  –  10 March 2009
Key facts

These statistics are based on electronic card transactions during February 2009. Figures are seasonally adjusted unless otherwise stated.

Changes in the value of transactions (compared with January 2009) were as follows:

  • Total electronic card transactions were up 0.6 percent.
  • Transactions in the retail industries were up 0.5 percent.
  • Transactions in the core retail industries were down 0.4 percent.
  • By industry group, the fuel and non-retail industries had the largest rises; consumables had the largest fall.

The actual (not seasonally adjusted) value of transactions in the core retail industries was down 2.7 percent from February 2008. However, February 2008 had an extra day (Friday) as a result of 2008 being a leap year.

The seasonally adjusted value of transactions in the core retail industries (which excludes the motor vehicle-related industries) decreased 0.4 percent in February 2009 compared with January 2009. This follows a 0.3 percent decrease in January. The February decrease was led by the consumables industry.

The total value of electronic card transactions increased 0.6 percent in February 2009 compared with January 2009. This followed a 0.2 percent increase in January, and decreases in November and December 2008. The fuel retailing and non-retail industries were the main contributors to the latest rise, which was partly offset by a fall in the consumables industry.

Transactions in the retail industries were up 0.5 percent in February 2009, following three months of decreases. The February increase was led by the fuel retailing industry, with petrol prices rising significantly from January to February.

The core retail trend series appears to have reached a turning point and is now showing a decline since November 2008. The trend series for both total transactions, and transactions in the retail industries, had been declining since about September 2008, but both are now showing signs that these declines are easing. Initial trend estimates may be revised and should be used with caution until more data points are available.

Geoff Bascand
Government Statistician
10 March 2009
ISSN 1178-0258
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