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Financial News: New Zealand Credit Card Spending Grows In October

New Zealand Credit Card Spending Grows In October

11/19/2021 - 02:17:00 (RTTNews)

(RTTNews) - New Zealand credit card spending grew in October, the Reserve Bank of New Zealand said on Friday.

Credit card spending increased 8.4 percent monthly in October, after a 3.3 percent declined in September. Spending rose for the first time in three months.

On a yearly basis, credit card spending fell to 5.6 percent in October, following a 12.8 percent decrease in the previous month.

Domestic billing increased 9.3 percent monthly to NZ$3.328 billion and overseas billings grew to NZ$305 million in October, data showed.

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