logo
Plus   Neg
Share
Email

New Zealand Overall Credit Card Spending Gains 0.1% In June

Overall credit card spending in New Zealand was up a seasonally adjusted 0.1 percent on month in June, Statistics New Zealand said on Thursday - following a 0.2 percent increase in May.

Retail credit card spending was flat on month, missing expectations for a gain of 0.7 percent following the 0.5 percent decline in May.

Core retail spending (excluding vehicle-related industries) rose 0.4 percent in June after a 0.5 percent fall in May.

Retail spending using electronic cards was NZ$5.1 billion, up 1.1 percent (NZ$57 million) from June 2018.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT
>