2020.04.2303:31:00UTC+00New Zealand Credit Card Spending Declines In March

New Zealand's credit card spending declined at the fastest rate in March, figures from the Reserve Bank of New Zealand showed on Thursday.

Credit card spending fell 9.1 percent month-on-month in March, following a 0.7 percent decrease in February. Credit card spending fell for the second straight month.

Domestic billing decreased 7.2 percent monthly to NZ$3.35 billion and overseas billings declined 24.9 percent to NZ$338 million.

On a year-on-year basis, overall credit card spending dropped 8.2 percent in March, after a 2.2 percent rise in the previous month.