NZ: Retail card sales eased in December eased – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities explain that after payback for a very strong Sept qtr, New Zealand’s Dec qtr retail card sales eased.

Key Quotes

“Dec sales fell by -2.3%/m - dragged down by much cheaper fuel - which meant that Dec qtr was -0.1%/q after +2.1%/q for Q3. It has been a bumpy year for this measure, masking solid consumption as measured by the national accounts.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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