logo
  

New Zealand Credit Card Spending Rises In June

New Zealand's credit card spending growth improved in June, figures from Reserve Bank of New Zealand showed on Friday.

Credit card spending rose to 1.5 percent month-on-month in June, faster than the 0.6 percent increase in May.

Domestic billing rose 1.5 percent monthly to NZ$3.18 billion and overseas billings rose by 2.6 percent to NZ$546 million.

Year-on-year, credit card spending grew to 6.6 percent in June after rising 6.7 percent in May.

Data also showed that credit card balances rose to 1.6 percent on a yearly basis, following a 1.4 percent rise in May.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

This week, we feature Nigeria’s combat with meningitis, Hostile takeover bid for Vanda Pharma, US opioid crisis, Sammy’s Milk’s safety concerns, and X4’s Mavorixafor’s fast-track status.

View More Videos
Follow RTT