Its wall-to-wall New Zealand this morning ...
Data now: New Zealand - Card spending for July
Retail -0.5% m/m
- expected +0.3% m/m, prior -0.1%, revised from 0.0%
- For the y/y, +2%
Total, -0.7% m/m
- prior +0.1%
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Electronic cards data covers around 68% percent of core retail sales in NZ.
This data point is used as the main indicator of monthly retail activity