More NZ data: May retails card spending +0.4% m/m (expected +1.2%)

The electronic card spending data is watched as it accounts for nearly 70% of core retail sales in New Zealand

Retail +0.4% m/m

• expected +1.2% m/m, prior -2.2%

Total +0.5%

• prior -0.7%, revised from -0.9%

NZD does very little on release ….