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New Zealand Overall Credit Card Spending Climbs 2.0% In January

Overall credit card spending in New Zealand was up a seasonally adjusted 2.0 percent on month in January, Statistics New Zealand said on Tuesday.

That beat expectations for a gain of 1.6 percent following the 1.9 percent contraction in December.

Retail credit card spending was up 1.8 percent on month - also beating forecasts for 1.4 percent following the 2.3 percent decline in the previous month.

Spending in the core retail industries - which excludes the auto-related industries - was up 2.2 percent.

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