14-07-2025
New Zealand Spending Slowdown Adds to Signs of Cooling Economy
New Zealand retail card spending fell in the second quarter, adding to signs that an initial spurt of economic growth early this year has all but disappeared.
Purchases on debit and credit cards at retail stores fell 0.7% from the first quarter, when it was unchanged, Statistics New Zealand said Monday in Wellington. The value of spending is lower than in the year-earlier quarter when the economy was entering a deep depression.
