New Zealand Credit Card Spending Falls In February

New Zealand's credit card spending declined in February after rising in the previous month, figures from Reserve Bank of New Zealand showed on Friday.


Credit card spending fell 0.6 percent month-on-month in February, after a 1.2 percent increase in January. In December, credit card spending had fallen 0.9 percent.


Domestic billing decrease 0.3 percent monthly to NZ$3.296 billion and overseas billings rose 4.0 percent to NZ$398 million.


On a year-on-year basis, overall credit card spending increased 2.5 percent in November, following a 3.7 percent rise in the previous month.

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