Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator for the country.
Not moving the NZD too much. It doesn;t tend to.
More coming from the Reserve Bank of New Zealand later today:
New Zealand data: January Card retail sales -1.6% m/m (prior +2.4) & -0.5% y/y (prior -1)
- Data for purchases made in New Zealand on debit, credit and store cards.
