New Zealand credit card spending for December 2024
-3.2% y/y
-1.3% m/m
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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