| Business News | Thursday May 10 2012 9:27
Electronic spending dipped slightly last month.
New figures from Paymark show that $3.7 billion worth of transactions were processed in April.
That's down 0.3 percent compared to April last year, and the first time spending has dropped since October 2009.
Spokesman Paul Whiston says a major contributor to the decline were the three national holidays, and five sets of Sundays and Mondays - which are the slowest spending days.
"I think the other key factor through April that probably impacted on the overall number was that fact there was such good weather."
Two sectors that did see higher spending in April compared to last year were the hardware and hospitality sectors.
Photo: NZ Herald