NZ consumers pull back on spending in May

Wed, 12 Jun 2019

By Rebecca Howard June 12 (BusinessDesk) - Consumers pulled back on credit and debit car spending in May after holidays in April fuelled a rise. Seasonally-adjusted electronic card spending fell 0.5 percent in May after rising 0.6 percent in April. Core retail spending, excluding fuel and vehicle spending, also fell 0.5 percent following a 0.4 percent lift in April when people took advantage of the extended holiday period, which included Easter and school holidays, to travel domestically and eat out more. ASB Bank senior economist Mar...

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