New Zealand data - October retail sales indicator lower again y/y

New Zealand Card Retail Sales - for purchases made in New Zealand on debit, credit and store cards.

-1.1% y/y in October

• prior was -5.6% y/y in September

For the m/m, +0.6%

• prior +0.1%

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Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator for the country.