UPDATES - New Zealand Credit Card Spending Rises For Second Month
New Zealand's credit card spending rose for the second straight month in October, figures from the Reserve Bank of New Zealand showed on Friday.
Overall credit card spending rose 1.5% month-on-month in October, after a 1.0% decrease in September.
Domestic billing increased 2.0% monthly to NZ$3.573 billion and overseas billings rose 2.6% to NZ$255 million, data showed.
On a yearly basis, credit card spending decreased 6.3% in October, following a 9.8% decline in the previous month. This was the eighth consecutive fall.
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