NZ Card Spending for October, 'retail' comes in at -0.6% m/m vs. +0.4% expected

Quite the miss for this indicator

New Zealand - Card Spending for October

• Total card spending comes in at -0.2% m/m against prior of 0+.6% m/m

• Retail card spending has come in at -0.6% m/m vs. expected 0.4% and the prior of 0.4%

Earlier from NZ already this week:

• RBNZ 'shadow board' are divided on where cash rate should be, 'increased skew towards a higher OCR