New Zealand Card Retail Sales (April) -0.4% m/m (previously -0.7%) and -3.8% YoY (previously -2.3%)

Total card spend in New Zealand for April is +0.9%

• previous +0.1%

Retail card spending:

-0.4% m/m

• before -0.7%

-3.8% over one year

• before -2.3%

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Data on purchases made in New Zealand using debit, credit and store cards.

Card spending data covers approximately 68% of major retail sales in New Zealand. It is used as the country’s main indicator of retail sales.

This article was written by Eamonn Sheridan at www.forexlive.com.

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