Electronic card spending in NZ is an indicator of retail sales - that main one for the country.
Total card spending -8.7% m/m
prior 0.0% m/m
Retail card spending -3.9%
prior 0.6%
More:
- fuel spending down 19% m/m (lock down means less driving)
- core spending down 1.5% m/m, falls for hospitality, clothing (offset by a rise for 'consumable' - ie stocking up in supermarkets)
- The 'total' number (above) includes spending on items such as travel