New Zealand card spending for May

Total: +1.4 % m/m

  • prior was -1.1%

Retail: +1.2% m/m

  • expected is +0.9%
  • prior was -0.7%

More:

  • When adjusted for seasonal effects, retail spending rose 1.2 percent in May 2015 compared with April 2015 (cf. a decrease of 0.7 percent in April)
  • Spending rose in five of the six retail industries
  • Core retail spending (which excludes the vehicle-related industries) rose 0.4 percent in May 2015, following a 0.9 percent fall in April