NZ data
Card spending for June
Retail unchanged at 0% m/m, expected +0.8%, prior was -0.4%
- Core retail spending (excludes vehicle-related industries) +0.8% in June (prior -0.3%)
Total card spending +0.1% m/m, prior was -0.2%
Says Stats NZ:
- Retail spending in the June month was flat because the high hospitality spending was offset by the low fuel prices," business indicators manager Sue Chapman said. "The increased spending on hospitality could be largely a result of the influx of British and Irish Lions fans." The Lions tour kicked off on 3 June and ended on 8 July.
NZD sliding a little today so far, just for a change the daily chart:
