New Zealand Card retail sales (April) -0.4% m/m (prior -0.7%) & -3.8% y/y (prior -2.3%)

New Zealand Card Spending Total for April is +0.9%

• prior +0.1%

Card Spending Retail:

-0.4% m/m

• prior -0.7%

-3.8% y/y

• prior -2.3%

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Data for purchases made in New Zealand on debit, credit and store cards.

Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator for the country.