Economic Buzz: New Zealand Overall Credit Card Spending Climbs 2.0% In January

New Zealand credit card spending climbed a seasonally adjusted 2.0 percent on month in January, Statistics New Zealand said on Tuesday, following the 1.9 percent contraction in December. Retail credit card spending was up 1.8 percent on month, following the 2.3 percent decline in the previous month. Spending in the core retail industries – which excludes the auto-related industries – was up 2.2 percent.