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New Zealand Credit Card Spending Rises In June

(RTTNews) - New Zealand's credit card spending growth improved in June, figures from Reserve Bank of New Zealand showed on Friday.

Credit card spending rose to 1.5 percent month-on-month in June, faster than the 0.6 percent increase in May.

Domestic billing rose 1.5 percent monthly to NZ$3.18 billion and overseas billings rose by 2.6 percent to NZ$546 million.

Year-on-year, credit card spending grew to 6.6 percent in June after rising 6.7 percent in May.

Data also showed that credit card balances rose to 1.6 percent on a yearly basis, following a 1.4 percent rise in May.
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