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Electronic Card Transactions: October 2010
Embargoed until 10:45am  –  09 November 2010
Key facts

These statistics are based on electronic card transactions during October 2010. Figures are seasonally adjusted unless otherwise stated. See the 'Technical notes' section for industry descriptors.

 Changes in the value of transactions (compared with September 2010) were as follows:
  • Total electronic card transactions were up (0.9 percent).
  • Transactions in the retail industries were up (0.8 percent).
  • Transactions in the core retail industries were flat (up less than 0.1 percent).
  • By industry group, fuel retailing and consumables had the largest increases.

The actual (not seasonally adjusted) value of transactions in the core retail series was up 4.2 percent from October 2009.

 

The seasonally adjusted total value of electronic card transactions was up 0.9 percent in October 2010. This follows a 1.1 percent increase in September 2010.

The value of transactions in the retail industries was up 0.8 percent. This included an 8.4 percent increase in fuel retailing, which was the largest monthly increase since December 2003. The rise in the value of transactions in fuel retailing coincided with an increase in fuel excise, which took effect from 1 October 2010. Non-retail was up 0.4 percent in October 2010.

The value of transactions in core retailing was flat, up less than 0.1 percent. Increases were recorded in consumables (up 2.4 percent), apparel (up 2.7 percent), and hospitality (up 1.2 percent). These increases were almost entirely offset by a 6.0 percent decrease in durables, the largest decrease since the series began in October 2002. In September 2010, durables recorded a 4.1 percent increase and was the main contributor to the 1.5 percent increase in core retail for the month.

Trends for the value of transactions in the total and retail series have both strengthened since July 2010. The core retail trend has been rising at a monthly average of 0.5 percent since March 2010, after a period of lesser growth.

Electronic card transaction figures, which cover debit, credit, and charge card transactions with New Zealand-based merchants, include GST. The rate of GST increased from 12.5 percent to 15 percent on 1 October 2010.

Geoff Bascand

9 November 2010

Government Statistician

ISSN 1178-0258
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