New Zealand electronic card spending decreased by 0.9% in May, with service, car, and hospitality sectors experiencing declines.

New Zealand's total electronic card spending decreased by 0.9% in May, with service, car, and hospitality sectors experiencing notable declines. Spending on services fell by 5.8%, while car and hospitality sectors saw drops of 4.8% and 2% respectively. This marks the fourth consecutive month of declines, indicating continued belt-tightening by consumers in the face of economic challenges.

June 12, 2024
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