New Zealand's credit card spending increased at a slower rate in June, data from the Reserve Bank of New Zealand showed Monday.
Total credit card billing grew 7 percent year-over-year in June following the 7.6 percent rise in May.
On a month-over-month basis, credit card spending rose 0.7 percent in June, slower than the 3.2 percent increase in May.
Total credit card outstanding advances was up 4.9 percent year-on-year in June, less than the 5.2 percent growth in May.
Compared to the previous month, outstanding balance rose 0.3 percent following the 0.6 percent increase in May.
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