Electronic Card Transactions Trend Remains Strong
The trend in the value of electronic card transactions was 9.7 percent higher in March 2007 than in March 2006, Statistics New Zealand said today. The trend in electronic transactions is affected by the increasing uptake of the technology by merchants and increasing card usage by customers, as well as changes in consumer spending patterns and prices.
In March 2007 there were 81 million electronic card transactions totalling $4.8 billion. When adjusted for seasonal fluctuations, this represents a 0.7 percent increase in total spending compared with February 2007. By contrast, the retail and core retail Electronic Card Transaction series showed seasonally adjusted decreases over the same period.
The Electronic Card Transaction series measures the number and value of debit, credit and charge card transactions with New Zealand-based merchants. It is a census of all transactions processed within New Zealand. Transactions by overseas card-holders in New Zealand are included; transactions by New Zealand card-holders overseas are excluded.
The data are being released as an experimental series and Statistics NZ acknowledges the cooperation of the private sector in providing the data for publication.
Dallas Welch
Acting Government Statistician
In March 2007 there were 81 million electronic card transactions totalling $4.8 billion. When adjusted for seasonal fluctuations, this represents a 0.7 percent increase in total spending compared with February 2007. By contrast, the retail and core retail Electronic Card Transaction series showed seasonally adjusted decreases over the same period.
The Electronic Card Transaction series measures the number and value of debit, credit and charge card transactions with New Zealand-based merchants. It is a census of all transactions processed within New Zealand. Transactions by overseas card-holders in New Zealand are included; transactions by New Zealand card-holders overseas are excluded.
The data are being released as an experimental series and Statistics NZ acknowledges the cooperation of the private sector in providing the data for publication.
Dallas Welch
Acting Government Statistician