New Zealand data for spending via electronic cards
Retail +1.2% m/m (biggest rise in more than a year ... 13 months)
- expected +0.5%
- prior -0.3%
- For the y/y, +6.8%
Says Stats NZ:
- "For the first time in more than a year all six retail industries had increases in spending.
- This last occurred in March 2015"
Total +1.0% m/m
- prior -0.6%
Core retail spending (the vehicle-related industries) +1.0 % m/m (prior was flat)
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Little response from the NZD, but this generally does not tend to be an immediate market-moving data point. Still, a good beat for 'retail' and further evidence for a resilient NZ economy.