New Zealand Credit Card Spending Climbs 0.5% In March

Overall credit card spending in New Zealand was up a seasonally adjusted 0.5 percent on month in March, Statistics New Zealand said on Tuesday.

That was in line with forecasts following the upwardly revised 0.7 percent decline in February (originally -1.0 percent).

Retail credit card spending slipped 0.3 percent - missing expectations for an increase of 0.5 percent following the 0.6 percent decline in the previous month.

Retail spending using electronic cards was NZ$5.2 billion in March, up NZ$279 million (5.6 percent) from March 2016.

by RTTNews Staff Writer

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