Prior month +1.0%
- Card Spending YoY 0.8% in April vs a year ago
- Total card spending falls -0.9% month on month
New Zealand electronic retail card spending fell -2.2% in April, while actual sales rose 0.8% from the same month a year ago. This according to the Statistics New Zealand.
The electronic card data covers about 68% of core retail sales in New Zealand and is the main measure of monthly retail activity
The -2.2% fall is the biggest fall since a -3.3% decline in October 2010.
Not a good number.
The NZDUSD has dipped to new session lows and is moving away from the 100 bar MA on ther 5-minute chart.
