Fewer tourists knock retail card spending in May
Domestic demand for consumer goods and services has slowed since February.
Nevil Gibson
Wed, 12 Jun 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Retail card spending dipped in May, reversing a similar rise in April and falling short of expectations.
When adjusted for seasonal effects, overall retail spending fell 0.5% in May, after a 0.6% rise in April, which included the Easter and school holiday periods, Stats NZ said.
A consensus
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Nevil Gibson
Wed, 12 Jun 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
