New Zealand’s credit card spending declined for the second month in a row in January, figures from the Reserve Bank of New Zealand showed on Tuesday.
Overall credit card spending decreased 0.1 percent month-on-month in January, following a 2.0 percent decrease in December.
Domestic billing increased 0.3 percent monthly to NZ$3.279 billion and overseas billings declined 7.6 percent to NZ$239 million, data showed.
On a yearly basis, credit card spending decreased 10.6 percent in January, following a 6.7 percent fall in the previous month. This was the eleventh consecutive fall.
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