NZ spending dip adds to signs of cooling economy

- Bloomberg

WELLINGTON: New Zealand retail card spending fell in the second quarter, adding to signs that an initial spurt of economic growth early this year has all but disappeared.

Purchases on debit and credit cards at retail stores fell 0.7% from the first quarter, when it was unchanged, Statistics New Zealand said yesterday.

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New Zealand , retail , credit , debit , spending , shopping

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