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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.

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