New Zealand - Card Spending for May, retail + 78.9% m/m (vs. expected +60%)

Bounce back as the country began to exit lock down.

Total card spending +80.7% %

• prior -48.3% m/m

Retail card spending +78.9% m.m

• expected +60.0% m/m, prior -47.5%

NZD not doing too much in response, tis down a touch