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New Zealand data - Card Spending for April. Total +4% m/m (prior +2%) & Retail +4% m/m (prior +0.9%)

New Zealand data - Card Spending for April. Total +4% m/m (prior +2%) & Retail +4% m/m (prior +0.9%)

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Eamonn Sheridan
10/05/2021 | 22:45 GMT

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

As an aside ... spending rose 108% y/y! Pesky year ago lockdowns impacting data readings!

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