RSS New Zealand credit card spending -3.2% y/y in November (prior +0.3%)

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 RSS New Zealand credit card spending -3.2% y/y in November (prior +0.3%)

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New Zealand credit card spending for December 2024

-3.2% y/y

  • prior +0.3%%

-1.3% m/m

  • prior+0.4%

Poor data. The GDP data yesterday was terrible, showing NZ in a recession. I noted later there were 'green shoots' emerging for the NZ economy in Q4. This data set is not one of them!

This article was written by Eamonn Sheridan at www.forexlive.com.
 
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