New Zealand credit card spending for April: +0.6% m/m (prior -0.1%)

Kiwis are splashing the cash cards

+0.6 % m/m

• prior -0.1%

+4.5 % y/y

• +4.5% also, revised from +5.1% y/y

Plenty of reasons to be cheerful!

• New Zealand finance minister says its time to cheer up about the economy