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UPDATES - New Zealand Credit Card Spending Rises For Second Month

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New Zealand's credit card spending rose for the second straight month in October, figures from the Reserve Bank of New Zealand showed on Friday.

Overall credit card spending rose 1.5% month-on-month in October, after a 1.0% decrease in September.

Domestic billing increased 2.0% monthly to NZ$3.573 billion and overseas billings rose 2.6% to NZ$255 million, data showed.

On a yearly basis, credit card spending decreased 6.3% in October, following a 9.8% decline in the previous month. This was the eighth consecutive fall.

 

 

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