New Zealand - Card Spending for January
Total card spending +0.3% m/m vs. prior -0.6% m/m
Retail card spending -0.1% vs. expected 0.4% m/m & prior -0.8%
The February figure (data due out in about a month) will show a negative impact of the response to the coronavirus spread - NZ has banned inbound visitors from China.
The card data covers nearly 70% of core retail sales in NZ and is used as the main indicator of retail sales activity.
NZD is barely responding to the data release. Awaiting the RBNZ!