NZ data: May credit card spending falls m/m, higher y/y

NZ credit card spending for May

-1.6% m/m

• prior +0.6%

+3.7% y/y

• well down from April which was +6.9%, revised from +7.0%

Not holding back the NZD, though. its traded higher today without much in the way of news to spur it on.