New Zealand - Card Spending for August, Retail -7.9% m/m (prior1.2%)

New Zealand - Card Spending for August

Total card spending -7.0%

• prior 1.2% m/m

Retail card spending -7.9%

• prior1.2% m/m
• For the y/y, down 0.8%

This is the main indicator used for retail sales in NZ. The fresh shutdown in the month impacting on activity.