New Zealand August Electronic Card Transactions: Retail +0.5% m/m (vs. +0.6% expected)

Retail +0.5% m/m,

• expected +0.6%, prior was 0.0%

Total card spending +0.3% m/m,

• prior was -0.1%

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• Core retail +0.6% (July was also +0.6%)
• Total sales rose 3.2% y/y
• Core retail sales rose 4.5% y/y

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Earlier from New Zealand today: ANZ Truckometer for August: -1.2% m/m (prior was +2.5%)

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NZD on its session low but above overnight lows