Retail card spending +0.4% m/m vs.
- expected -2.3% m/m, prior 9.6%
Retail card spending +4.2% y/y vs.
- expected 8.5% y/y, prior 2.9%
NZD/USD barely changed since the data were published:
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New Zealand – Card Spending for December +0.4% m/m (expected -2.3%)
- Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator for the country.
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