New Zealand Card Retail Sales – for purchases made in New Zealand on debit, credit and store cards.

-1.1% y/y in October

• prior was -5.6% y/y in September

For the m/m, +0.6%

• prior +0.1%

**

Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator for the country.

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