MIDDAY UPDATE: NZ retail spending on credit, debit cards stalls in June

Thu, 09 Jul 2015

July 9 (BusinessDesk) - New Zealand spending on electronic cards stalled in June as declines in apparel and durables outweighed increases in consumables and hospitality. The value of core retail spending, which strips out fuel and vehicle related items, was unchanged at $3.91 billion in June from May, Statistics New Zealand said. On an annual basis, core retail spending rose 6.1 percent from June last year. New Zealand's economy has started to slow, with business, consumer and farmer confidence declining as dairy prices, the nation's key...

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