Analysts at TD Securities explain that after payback for a very strong Sept qtr, New Zealand’s Dec qtr retail card sales eased.
Key Quotes
“Dec sales fell by -2.3%/m – dragged down by much cheaper fuel – which meant that Dec qtr was -0.1%/q after +2.1%/q for Q3. It has been a bumpy year for this measure, masking solid consumption as measured by the national accounts.”
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