Card spending in NZ

  • retail comes in at +2.6% m/m vs. expected +0.5% m/m, prior -0.6%
  • total +1.0% vs. prior -0.2%

For the y/y retails spending on electronic cars is up 5.1%. A strong result.

This spending accounts for just under 70% of core retail sales in NZ. Its the main retail sales measure.