New Zealand data - November retail sales indicator slumps even lower ...Middle East

New Zealand Card Retail Sales - for purchases made in New Zealand on debit, credit and store cards.In November -2.3% y/yprior -1.1%For the mm/m, no change (ie 0% m/m)prior revised to +0.7% m/m (from +0.6)**Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator for the country.***The previous report, for October 2024, showed New Zealand's electronic card retail spending increased by 0.6% compared to September, marking the third consecutive monthly rise. However, on a year-over-year basis, retail card spending declined by 1.1%, an improvement from the 5.6% decrease observed in September.The uptick in spending was attributed to economic stim

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New Zealand data - November retail sales indicator slumps even lower ...Middle East

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