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