New Zealand Card Spending for November, Retail: -0.4% m/m (expected +0.3%)

NZ data for retail sales in November 2018

Electronic card spending accounts for just under 70% of retail sales (core) and as such this indicator is the main one used as an indicator for such sales

Retail -0.4% m/m

• expected +0.3%, prior +0.1%
• for y/y, up 4.6%

Total -0.2% m/m

• prior -0.1%

Both are a miss on the median consensus estimate.