New Zealand Credit Card Spending Rises in September

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4:40 GMT

Oct 2008

New Zealand Credit Card Spending Rises in September

(RTTNews) - Tuesday, the Reserve Bank of New Zealand said total credit card billings in New Zealand rose 2.6% annually in September, the same as in August. On a monthly basis, spending showed 1.1% growth, reversing a 0.1% fall in August.

Further, the central bank said domestic card spending was up 2.7% year-on-year in September, following a 2.4% rise in the prior month. Meanwhile, overseas card spending moved up 1.9%, down from August’s 3.6%.

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