New Zealand Card Spending for July, retail -0.1% m/m (expected +0.5%)

Electronic card spending in NZ is an indicator of retail sales - that main one for the country.

• Card Spending Retail -0.1% m/m vs. expected +0.5% m/m , prior 0.0%
• Card Spending Total -0.3% m/m vs. prior +0.1% m/m

Quite the miss ….