Spending stats up on last year

Annual growth rates in 2016 were 6.1 percent more transactions per person and 4.5 percent more spending.

Annual growth rates in 2016 were 6.1 percent more transactions per person and 4.5 percent more spending.

CONSUMERS, tourists and music festival-goers last month spent well over $50 million on their cards in Gisborne, new data shows.

Latest figures from Paymark, which processes more than 75 percent of New Zealand’s electronic card transactions, recorded spending for the December month here of $52.6 million, which was $1.8m up on the previous December.

Over the 31-day period, a total of 1.19 million transactions were made on debit and credit cards across the district. That was a 7.05 percent hike on the previous December.

Heart of Gisborne manager Lana Davy said three cruise ship visits last month helped boost Gisborne’s consumer spend.

“Everyone seems quite happy with how things are going. It seems like the town has been buzzing, with lots of activity.

“I think we’ve got a definite boost in tourism and lots of visitors obviously.”

A Paymark spokesman said annual underlying growth in December was “noticeably” higher in the regions away from major cities, “suggesting more time spent at the baches and beaches this Christmas”.

“Underlying annual growth averaged 6 percent in the three largest regions and 7.8 percent in the other regions.”

Highest annual underlying growth was recorded in Hawke’s Bay (+10.9 percent), particularly among sectors such as accommodation (+20.8 percent), food and beverage services (+16.1 percent), furniture and hardware (+18.4 percent) and electrical and electronic retailing (+12.6 percent).

Those annual totals translated to averages of 255 transactions per person and $12,230 spent per person in 2016.

Underlying annual growth rates in 2016 were 6.1 percent more transactions per person and 4.5 percent more spending.

A sector break-down of all spending in 2016 showed nationally, “supermarkets and grocery stores”, “food and beverage services” and “fuel retailing” among retail sectors accounted for the largest amount.

“There was also a large proportion of transactions processed amongst non-retail merchants such as plumbers, auto repair shops, travel and tourism operators, government organisations and providers of health, telecommunication and financial services.”

CONSUMERS, tourists and music festival-goers last month spent well over $50 million on their cards in Gisborne, new data shows.

Latest figures from Paymark, which processes more than 75 percent of New Zealand’s electronic card transactions, recorded spending for the December month here of $52.6 million, which was $1.8m up on the previous December.

Over the 31-day period, a total of 1.19 million transactions were made on debit and credit cards across the district. That was a 7.05 percent hike on the previous December.

Heart of Gisborne manager Lana Davy said three cruise ship visits last month helped boost Gisborne’s consumer spend.

“Everyone seems quite happy with how things are going. It seems like the town has been buzzing, with lots of activity.

“I think we’ve got a definite boost in tourism and lots of visitors obviously.”

A Paymark spokesman said annual underlying growth in December was “noticeably” higher in the regions away from major cities, “suggesting more time spent at the baches and beaches this Christmas”.

“Underlying annual growth averaged 6 percent in the three largest regions and 7.8 percent in the other regions.”

Highest annual underlying growth was recorded in Hawke’s Bay (+10.9 percent), particularly among sectors such as accommodation (+20.8 percent), food and beverage services (+16.1 percent), furniture and hardware (+18.4 percent) and electrical and electronic retailing (+12.6 percent).

Those annual totals translated to averages of 255 transactions per person and $12,230 spent per person in 2016.

Underlying annual growth rates in 2016 were 6.1 percent more transactions per person and 4.5 percent more spending.

A sector break-down of all spending in 2016 showed nationally, “supermarkets and grocery stores”, “food and beverage services” and “fuel retailing” among retail sectors accounted for the largest amount.

“There was also a large proportion of transactions processed amongst non-retail merchants such as plumbers, auto repair shops, travel and tourism operators, government organisations and providers of health, telecommunication and financial services.”

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