Gisborne shoppers spent 11.2 percent more this March

Growth rate 'strongest in hardware/building suppliers and appliance stores'.

Growth rate 'strongest in hardware/building suppliers and appliance stores'.

Gisborne was the fourth-highest region in the country where customers spent more in March compared to the same time last year.

Figures released by Paymark, which processes 75 percent of all electronic transactions, showed Gisborne had $43.9 million spent through its eftpos terminals in March, which was 11.2 percent more than March 2017.

The number of transactions also increased by 9.5 percent to 1.04 million — an average of $42.21 per swipe of a plastic card.

Paymark communications manager Paul Brislen said the growth rate was strongest in hardware/building suppliers and appliance stores.

“The largest Wednesday-Monday Easter core retail surge, in percentage terms, was experienced in Otago (up 27.9 percent), West Coast (up 26.7 percent), Marlborough (up 26.2 percent), Wairarapa (up 20.1 percent) and Gisborne (up 19.4 percent).”

Mr Brislen said more building activity and Easter spending combined to boost spending in March nationally by 5.7 percent since March 2017 and up 0.6 percent in seasonally-adjusted terms since February 2018.

“Both figures point to a pick-up on recent months, an effect that is more noticeable outside the three largest regions.”

Gisborne was the fourth-highest region in the country where customers spent more in March compared to the same time last year.

Figures released by Paymark, which processes 75 percent of all electronic transactions, showed Gisborne had $43.9 million spent through its eftpos terminals in March, which was 11.2 percent more than March 2017.

The number of transactions also increased by 9.5 percent to 1.04 million — an average of $42.21 per swipe of a plastic card.

Paymark communications manager Paul Brislen said the growth rate was strongest in hardware/building suppliers and appliance stores.

“The largest Wednesday-Monday Easter core retail surge, in percentage terms, was experienced in Otago (up 27.9 percent), West Coast (up 26.7 percent), Marlborough (up 26.2 percent), Wairarapa (up 20.1 percent) and Gisborne (up 19.4 percent).”

Mr Brislen said more building activity and Easter spending combined to boost spending in March nationally by 5.7 percent since March 2017 and up 0.6 percent in seasonally-adjusted terms since February 2018.

“Both figures point to a pick-up on recent months, an effect that is more noticeable outside the three largest regions.”

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