Spending data to give retailers a pre-Christmas lift

Thu, 10 Dec 2020

Retailers will get a lift today when card spending data shows spending appetites are still being fuelled by low interest rates and a booming housing market.The data – due at 10:45am – is expected to show another positive month for card spending after “sizeable jumps in September and October, which would keep spending healthily above pre-covid-19 levels,” said ASB Bank. Total seasonally adjusted card spending rose 8.8 percent in October and 5.4 percent in September.Black Friday sales will have played a key role in N...

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