New Zealand April Electronic Card Transactions:
Retail m/m: +0.3 %
- expected +0.6%, prior was +0.0%
Total card spending m/m: -0.4 %
- prior was -0.2%
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A mixed result
- Spending rose in three retail industries during April, and fell in three. Fuel and consumables had the largest rises, while apparel had the largest fall
- Core retail (which excludes the motor vehicle-related industries) was flat, increasing just 0.1 percent in April 2014
- The two non-retail industries both decreased in April, resulting in a 0.4 percent fall in the total value of transactions
Says Statistics New Zealand (bolding mine):
Trends for the value of transactions in the retail and core retail series have continued to increase since these series began in October 2002. The trend for the total series has also generally been increasing over this time, but appears to have flattened in recent months.
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Not much response from the NZD … this is a low priority data point for the FX market generally
