Economic Buzz: New Zealand Credit Card Spending Increases In May 2022

22 Jun 2022 , 01:44 PM

New Zealand credit card spending increased for the third straight month in May, data from the Reserve Bank of New Zealand revealed. Total credit card billings rose 1.8 percent monthly in May, following a 0.9 percent increase in April. In March, spending was 3.5 percent. Domestic billings grew 0.9 percent monthly to NZ$3.931 billion, and overseas billings climbed to NZ$436 million in May. On a yearly basis, total billings gained 2.2 percent in May, following a 1.3 percent rise in the previous month.Powered by Commodity Insights