New Zealand’s credit card spending increased in July, though at a softer rate, figures from the Reserve Bank of New Zealand showed on Friday.
Overall credit card spending rose 1.8 percent month-on-month in July, after an 11.5 percent increase in June.
Domestic billing increased 3.6 percent monthly to NZ$3.496 billion and overseas billings declined 7.6 percent to NZ$246 million, data showed.
On a yearly basis, credit card spending decreased 5.8 percent in July, following a 9.4 percent decline in the previous month. This was the fifth consecutive fall.
For comments and feedback contact: editorial@rttnews.com
[Economic News][1]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][2] to check out our [Econ Scorecard][2] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][3], [unemployment rate][4], [inflation][5] and much more.
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/retail-sales/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx