New Zealand’s credit card spending increased at a softer rate in June, figures from the Reserve Bank of New Zealand showed on Tuesday.
Overall credit card spending rose 14.0 percent month-on-month in June, following a 59.4 percent increase in May.
Domestic billing increased 14.5 percent monthly to NZ$3.473 billion and overseas billings declined 2.9 percent to NZ$244 million, data showed.
On a yearly basis, credit card spending decreased 9.2 percent in June, following a 20.6 percent decline in the previous month. This was the fourth consecutive fall.
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