NZ card spending data for January: Total -1.2% m/m, retail -0.4% m/m

New Zealand data shows electronic card spending declined on the month.

Retail -0.4% m/m, fourth consecutive month of decline

• prior -0.6%
• For the y/y though retail is up 1.9%

Total -1.2% m/m

• prior -0.6%

NZD not taking much notice of the data point.