3Q credit, debit sales up 5.9 percent in Hawaii - Hawaii News Now - KGMB and KHNL

3Q credit, debit sales up 5.9 percent in Hawaii

By OSKAR GARCIA
Associated Press

HONOLULU (AP) - The bank that handles most credit and debit transactions in Hawaii says residents and visitors spent more in the third quarter on convenience store items, insurance and other goods and services.

First Hawaiian Bank says in its latest business activity report that sales were up 5.9 percent compared with the same three-month period one year ago.

Bank officials say more money was spent across all sectors besides retail, where spending dropped 1.3 percent from July through September.

First Hawaiian says it processed nearly $760 million in transactions during the quarter, up from more than $717 million during the third quarter of 2012. The bank says it provides merchant services to about 7,000 merchant locations in Hawaii, Guam and elsewhere.

Convenience stores saw the biggest spending jump at 12.9 percent.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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