New Zealand credit card spending for December 2024
-3.2% y/y
prior +0.3%%
-1.3% m/m
prior+0.4%
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.
