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Electronic Card Transactions: February 2011
Embargoed until 10:45am  –  10 March 2011
Highlights

These statistics are based on electronic card transactions during February 2011. Figures are seasonally adjusted unless otherwise stated. See the 'Technical notes' section for industry descriptors.

 Changes in the value of transactions (compared with January 2011) were as follows:
  • Total electronic card transactions were up (0.4 percent).
  • Transactions in the retail industries were flat (down just 0.2 percent).
  • Transactions in the core retail industries were down (0.6 percent).
  • The three industries with the largest increases were non-retail (excluding services), consumables, and fuel.

The actual (not seasonally adjusted) value of transactions in the core retail series was up 5.0 percent from February 2010.

 

Mixed results across industry groups gave a 0.4 percent increase in the total value of electronic card transactions in February 2011. The value of transactions, adjusted for seasonal effects, rose in five industry groups, but fell in three.

All three industries to fall in February were in core retail (which excludes the motor vehicle-related industries). The value of transactions in core retail fell 0.6 percent, following a 2.3 percent rise in January. The latest fall was caused by significant drops in durables and apparel (down $23 million and $13 million, respectively).

With increases in the two vehicle-related industries (particularly fuel), the value of transactions across all retail industries was comparatively flat, down just 0.2 percent in February. The latest result follows a 2.4 percent rise in January. The value of transactions in the fuel industry has risen since July 2010 (up 23 percent since then).

The remaining two industries (which fall outside retail) also increased, giving the 0.4 percent overall rise in the total value of transactions. This follows a 2.1 percent rise in January and a 1.1 percent fall in December.

Trends for the value of transactions in the total and retail series have continued to increase since the start of 2009. The trend for core retail has generally been increasing since the series began in October 2002, but has eased in recent months.

This information includes data for Canterbury, but without a regional breakdown we are not able to separate or estimate the impact of the February 22 earthquake. 

Geoff Bascand

10 March 2011

Government Statistician

ISSN 1178-0258
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