New Zealand’s credit card spending declined in July, figures from Reserve Bank of New Zealand showed on Wednesday.
Credit card spending fell to 1.8 percent month-on-month in July, reversing a 1.5 percent increase in June. This was the first fall in four months.
Domestic billing dropped 2.0 percent monthly to NZ$3.55 billion and overseas billings fell by 2.5 percent to NZ$655 million.
On a year-on-year basis, overall credit card spending grew to 5.0 percent in July, but slower than 6.6 percent growth logged in the previous month.
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