Big increase in May spending recorded here

Hey big spenders!

Hey big spenders!

Money, money, money. File picture

Paymark transactions worth $43 million were recorded in Gisborne last month, an increase of 12.6 percent from the previous May and the biggest increase in the country.

The May report from Paymark said there were 1.1 million Gisborne transactions during the month, up 10 percent from the previous May.

“Gisborne spending growth in May was evident across all major sector groupings, although not all merchants and sub-sectors experienced growth.

“Gisborne footwear spending was down 27 percent.”

Other provincial centres also led the way, with the value of Marlborough transactions increasing by 11.1 percent, Palmerston North by 10.7 percent, Wairarapa by 10.3 percent and Whanganui by 10.2 percent.

There were nearly 109 million transactions across New Zealand, with May figures showing the lowest growth rates in metropolitan centres.

Auckand/Northland increased by 2 percent, and Wellington and Canterbury by 4.1 percent.

Paymark linked the low growth rates in metropolitan New Zealand to the housing market.

The company is the country’s leading electronic payments company with more than 100,000 terminals accounting for 75 percent of electronic payments.

Paymark transactions worth $43 million were recorded in Gisborne last month, an increase of 12.6 percent from the previous May and the biggest increase in the country.

The May report from Paymark said there were 1.1 million Gisborne transactions during the month, up 10 percent from the previous May.

“Gisborne spending growth in May was evident across all major sector groupings, although not all merchants and sub-sectors experienced growth.

“Gisborne footwear spending was down 27 percent.”

Other provincial centres also led the way, with the value of Marlborough transactions increasing by 11.1 percent, Palmerston North by 10.7 percent, Wairarapa by 10.3 percent and Whanganui by 10.2 percent.

There were nearly 109 million transactions across New Zealand, with May figures showing the lowest growth rates in metropolitan centres.

Auckand/Northland increased by 2 percent, and Wellington and Canterbury by 4.1 percent.

Paymark linked the low growth rates in metropolitan New Zealand to the housing market.

The company is the country’s leading electronic payments company with more than 100,000 terminals accounting for 75 percent of electronic payments.

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