Card Transaction Data
Card Transaction Data
Card Transaction Data is financial data found through the transfer of funds between a card holder's account and a business's account.[1]
in New Zealand to demonstrate statistics for their consumer spending through debit and credit card use.[2] It is similar to the Retail Trade Survey (RTS) found in New Zealand which usually measures this area of economic activity.[2]Since debit and credit cards are commonly used to pay for goods and services in New Zealand, they represent a strong percentage of the consumption expenditure in the country. Every time an electronic transaction is made in New Zealand, an ECT data is generated as an indicator of retail sales and sent to Statistics NZ on a monthly basis. This data is compared to the monthly RTS New Zealand uses for this data originally to see if it is a reliable indicator of changes in retail sales. ECT also has similarities to the Australian and New Zealand Standard Industrial Classification (ANZSIC) which is in charge of publishing most of New Zealand's over-all economic data.
Overview
Characteristics and Coverage
Classification
Usage
Share of Spending
References
- ^ "Financial Transactions". www.moneris.com. Retrieved 2016-11-06.
- ^ a b Minish, Henry (June 2007). "The Development of Electronic Card Transaction Statistics". Statistics New Zealand. Retrieved 20 October 2016.