11.11.201818:25:00UTC+00New Zealand Credit Card Spending Sinks 0.1% In October

The total value of overall credit card spending in New Zealand fell a seasonally adjusted 0.1 percent on month in October, Statistics New Zealand said on Monday.

That missed expectations for an increase of 0.3 percent following the downwardly revised 1.2 percent increase in September (originally 1.3 percent).

Retail credit card spending added 0.1 percent on month - also missing expectations for a gain of 0.6 percent and down from 1.1 percent in the previous month.

Spending in the core retail industries was flat.

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