New Zealand July Credit Card Spending +1.7% m/m (prior +0.3%)

 New Zealand - Credit card spending for July

+1.7% m/m,

•  prior was +0.3%

+9.7% y/y,

• prior was +6.6%, revised from +6.5%

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Stronger spending data from NZ

On this day following big Europe and US equity market falls and confirmation from China of more economic weakness this data is unlikely to have too much impact

Author: Eamonn Sheridan