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New Zealand credit card spending recovered in June, figures from Reserve Bank of New Zealand showed Friday.
Credit card spending grew 2.1 percent month-on-month in June, in contrast to a 1.6 percent drop in May.
Domestic billing climbed 2.4 percent, reversing May's 1.6 percent drop. Likewise, overseas billing gained 2.3 percent after easing 0.7 percent a month ago. Year-on-year, credit card spending growth improved to 5.7 percent from 3.7 percent in May.
