Our spending growth led country in August

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Gisborne had the fastest annual spending growth rate in August, latest figures from Paymark show.

Compared to the same month last year, this region increased the amount of spending through Paymark eftpos machines by 11.5 percent, to $42.9 million.

Paymark processes 75 percent of all electronic transactions.

The figures showed Gisborne had the highest growth in New Zealand. Smaller regions also took second and third, with Palmerston North having an increase in spending by 11.2 percent, Marlborough was up 11 percent and Whanganui up 10.1 percent for August 2018, compared to August 2017.

The lowest growth rate was shared by Otago and Auckland/Northland, an increase of 5.5 percent.

The Paymark figures also showed Gisborne had 1,020,000 swipes, or waves, of a plastic card during August — an average of 32,903 transactions a day, with an average spend of $42.05.

Gisborne had the fastest annual spending growth rate in August, latest figures from Paymark show.

Compared to the same month last year, this region increased the amount of spending through Paymark eftpos machines by 11.5 percent, to $42.9 million.

Paymark processes 75 percent of all electronic transactions.

The figures showed Gisborne had the highest growth in New Zealand. Smaller regions also took second and third, with Palmerston North having an increase in spending by 11.2 percent, Marlborough was up 11 percent and Whanganui up 10.1 percent for August 2018, compared to August 2017.

The lowest growth rate was shared by Otago and Auckland/Northland, an increase of 5.5 percent.

The Paymark figures also showed Gisborne had 1,020,000 swipes, or waves, of a plastic card during August — an average of 32,903 transactions a day, with an average spend of $42.05.

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John Fricker - 2 months ago
I don't understand this pre-occupation with spending and high property prices. All it is doing is putting the people in chains. What kind of mentality celebrates that?
Why not celebrate saving, thrift and living within your means instead? Makes far more sense to me. This approach will alleviate the world of so many problems.

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