Card Spending on Electrical, Hardware, and Furniture Goods Surges

  • June 11, 2020 01:47 PM NZST
  • Team Kalkine

As per Stats NZ, card spending on goods like electrical, hardware, and furniture have increased to extraordinarily high levels in May, following a significant fall in the previous month.

In April, during the COVID-19 level 4 lockdown, the value of card spending on these goods had hit a low of NZD 138 million. In May 2020, it has risen to NZD 674 million, which is 16 per cent more than the value in May 2019.

When adjusted for seasonal influences, spending on these goods increased to NZD 573 million in May, following an NZD 490 million fall in April.

 


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