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flag New Zealand's card spending dipped 1.1% in January 2026 due to weather and lower fuel prices, but core spending rose 1.1% yearly.

flag New Zealand's electronic card retail spending fell 1.1% in January 2026, totaling $9.8 billion across 177 million transactions, with core retail spending down 0.9%, partly due to wet weather and declining fuel prices. flag Despite the monthly dip, core spending rose 1.1% year-on-year, supported by gains in apparel and improving consumer confidence. flag Economists cite rising unemployment, weak income growth, and a soft labor market as ongoing headwinds, though falling borrowing costs and strong exports may aid a gradual recovery.

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