The comment stream

Join the Interest community to be a registered commenter so you can:
- Edit your comments
- Avoid the CAPTCHA
- Vote on comments
Register Here

Already registered? log back in here ..

Forgotten your password? No problem! Click here

Finance sector jobs

Senior Liability Underwriting Manager
Lead from the front utilising your strategic, technical and leadership qualities within th...more
New Zealand
Senior Liability Product Underwriter - Product Management
Lead from the front utilising your technical expertise in this highly attractive senior li...more
New Zealand
High Performing Senior Liability UnderwriterHigh Performing Senior Liability Underwriter
Customer focus, high performance, exceeding client expectations and achieving profitable g...more
New Zealand
Manager Operational Effectiveness and Assurance IT
Reporting to the Senior Manager Operational Risk Effectiveness and Assurance, the key focu...more
New Zealand
efinancialcareers.com

Reader poll

Should you fix your mortgage now or stay floating?

Choices

November card spending down despite rise in volumes

Posted in News

The average amount spent on each transaction fell year-on-year. The November 2008 average was NZ$54.13 per transaction, compared to NZ$56.15 in November 2007 and NZ$56.32 in November 2006.

  Transaction values also fell 2.8% from October 2008 on a seasonally adjusted basis. This was the biggest drop in the series since it began in October 2002. "The fuel retailing industry was the main driver of the fall in the total electronic card transaction value series in November 2008, which coincided with a substantial decline in fuel prices. The non-retail industries also decreased in November compared with October," Government Statistician Geoff Bascand said.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments. Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making these comments.