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NEW ZEALAND ELECTRONIC CARD RETAIL SALES DECLINE -0.4% IN APRIL

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New Zealand's Electronic Retail Sales contracted in April, falling -0.4%. The decline slowed the pace of contraction from the previous month's -0.7%, but the annualized figure decelerated further, falling -3.8% compared to the previous period's -2.3% (revised from -3.0%).

Seasonally-adjusted retail card spending totals declined to their lowest levels since August of 2022, with durables goods spending falling the furthest, declining $11 million NZD.


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