New Zealand Electronic Retail Card Spending MoM (Dec) M/M -0.1% (Prev. 1.2%)

New Zealand Electronic Retail Card Spending MoM (Dec) M/M -0.1% (Prev. 1.2%)

The December electronic retail card spending in New Zealand showed a decline of 0.1% month-over-month compared to a 1.2% increase previously. This indicates a potential weakening in consumer spending, which could impact economic growth projections and further influence monetary policy considerations. Watch how this data might affect the NZD and broader sentiment during both the Asian and US sessions.