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20.07.201801:33:00UTC+00New Zealand Credit Card Spending Rebounds In June

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.



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