NEWS: New Zealand data – Card Spending for April. Total +4% m/m (prior +2%) & Retail +4% m/m (prior +0.9%) May 10, 2021 at 11:45PM

NEWS: New Zealand data – Card Spending for April. Total +4% m/m (prior +2%) & Retail +4% m/m (prior +0.9%) May 10, 2021 at 11:45PM

Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator.
As an aside … spending rose 108% y/y! Pesky year ago lockdowns impacting data readings!

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Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator. As an aside … spending rose 108% y/y! Pesky year ago lockdowns impacting data readings!

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Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator.
As an aside … spending rose 108% y/y! Pesky year ago lockdowns impacting data readings!