Spending up locally and nationally

Figures continue to grow from last year.

Figures continue to grow from last year.

TOURIST DOLLAR: Paymark figures show spending in the region for February was up 3.7 percent on February of last year. The increase has been attributed to tourists, as local moteliers reported increased guest numbers. File picture

CONSUMERS continue to spend up on their credit and debit cards in the run-up to Christmas, with nearly
$14 million spent in Gisborne in just the past week.

Latest Paymark figures show people in Gisborne made $13.9 million of electronic transactions between December 15 and December 21, 10.6 percent up on the corresponding week last year, and $3.5m up from the previous week, which was interrupted by the two-day power outage.

A total of $34.8m has now been spent in December, 3.2 percent more than the same period last year. Paymark, which processes more than 75 percent of all electronic purchases, said nationally, the tally of spending through Paymark in December had now reached $4214 million, representing the first 21 days of the month.

“The annual increase is seven percent up on an underlying basis from the first 21 days last year, once additions and removals of large merchants to and from the network in the interim period are excluded,” a spokesman said.

“Spending has increased each week, as to be expected, but spending growth has also accelerated each week.

Annual underlying growth was 8.7 percent in the last seven days, 6.7 pecent in the previous seven days and 5.4 percent in the first seven days of the month.”

CONSUMERS continue to spend up on their credit and debit cards in the run-up to Christmas, with nearly
$14 million spent in Gisborne in just the past week.

Latest Paymark figures show people in Gisborne made $13.9 million of electronic transactions between December 15 and December 21, 10.6 percent up on the corresponding week last year, and $3.5m up from the previous week, which was interrupted by the two-day power outage.

A total of $34.8m has now been spent in December, 3.2 percent more than the same period last year. Paymark, which processes more than 75 percent of all electronic purchases, said nationally, the tally of spending through Paymark in December had now reached $4214 million, representing the first 21 days of the month.

“The annual increase is seven percent up on an underlying basis from the first 21 days last year, once additions and removals of large merchants to and from the network in the interim period are excluded,” a spokesman said.

“Spending has increased each week, as to be expected, but spending growth has also accelerated each week.

Annual underlying growth was 8.7 percent in the last seven days, 6.7 pecent in the previous seven days and 5.4 percent in the first seven days of the month.”

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