New Zealand - Card Spending for March, total spending +2% m/m (prior -3.2%) and retail spending +0.9% m/m (prior -2.5%)

Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator for the country.

Good improvements for these despite persistent lockdowns early in the month in NZ.

Earlier data from NZ today:

• New Zealand Q1 business confidence (NZIER QSBO) shows a modest improvement

more to come