New Zealand Overall Credit Card Spending Climbs 2.0% In January
(RTTNews) - Overall credit card spending in New Zealand was up a seasonally adjusted 2.0 percent on month in January, Statistics New Zealand said on Tuesday.
That beat expectations for a gain of 1.6 percent following the 1.9 percent contraction in December.
Retail credit card spending was up 1.8 percent on month - also beating forecasts for 1.4 percent following the 2.3 percent decline in the previous month.
Spending in the core retail industries - which excludes the auto-related industries - was up 2.2 percent.