New Zealand data - May credit card spending +3.3% y/y (vs. +13.9% expected)

New Zealand May 2023 credit card spending +3.3% y/y

• +13.9% expected, prior was +11.4%

Not much of a forex mover upon release.

Last week we had data from New Zealand confirming the country slipped into recession:

• New Zealand Q1 GDP -0.1% q/q (expected -0.1%)