New Zealand Electronic Retail Card Spending MoM (Apr) M/M -1.3% (Prev. 0.7%)

New Zealand Electronic Retail Card Spending MoM (Apr) M/M -1.3% (Prev. 0.7%)

The latest New Zealand electronic retail card spending data shows a significant decline of 1.3% month-over-month, down from a prior gain of 0.7%. This unexpected drop could indicate weakening consumer spending, which may have implications for economic growth and could influence the Reserve Bank of New Zealand's policy outlook going forward.