11.04.201919:29:00UTC+00New Zealand Overall Electronic Spending Slips 0.2% In March

The total value of credit card spending in New Zealand was down 0.2 percent on month in March, Statistics New Zealand said on Friday - missing forecasts for a flat reading following the 0.1 percent gain in February.

Retail credit card spending sank 0.3 percent, well shy of expectations for a gain of 0.5 percent following the 0.9 percent gain in the previous month.

For the first quarter of 2019, overall credit card spending was up 1.0 percent on quarter following the flat reading in the three months prior. Retail electronic spending also was up 1.0 percent on quarter.