January boost to card spending may be short-lived
Electronic card spending rises in January, but economists say household budgets are under pressure this year.
Durables spending rises in January, after declines in November and December.
New Zealanders’ appetite to spend bounced back in January, according to data out today from Stats NZ.
Figures show spending using debit, credit and charge cards climbed a seasonally adjusted 2.6%, by $171 million last month, compared with December’s fall.
That marked the first fall in nine
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