New Zealand’s credit card spending declined in September after rising in the previous month, figures from Reserve Bank of New Zealand showed on Monday.
Credit card spending fell to 0.1 percent month-on-month in September, after a 2.5 percent increase in August. In July, credit card spending declined 1.6 percent.
Domestic billing dropped 0.2 percent monthly to NZ$3.43 billion and overseas billings rose 0.3 percent to NZ$586 million.
On a year-on-year basis, overall credit card spending grew to 4.8 percent in September, but slower than 6.0 percent growth logged in the previous month.
The material has been provided by InstaForex Company – www.instaforex.com
Latest posts by Insta Forex (see all)
- Moody's Says China's Current Account Position To Pose Risk To Stability - November 20, 2019
- *ECB's Lane: Don't See A Recession In Eurozone; To Recover Over Next Year Or Two - November 20, 2019
- *Pound Falls To 5-day Low Of 1.2766 Against Franc - November 20, 2019