New Zealand Card Spending for December. Retail -0.8% m/m (vs. expected +0.1%)

Author: Eamonn Sheridan | Category: News

NZ data - Card Spending for December … misses

  • Total card spending -0.6% m/m (prior +1.0%)

  • Retail card spending -0.8% m/m (expected +0.1%, prior +2.6%)

  • spending in the core retail industries fell 0.9 %
Card spending covers just under 70% of core retails sales in NZ and provides the main measure of retails sales monthly.  

 Not a great report then, and for December too  … but NZD not phased, up a few tics.

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