ONLY CHARTS #525
NZ consumer spending, NZ composite PMI, US PCE inflation, NZ housing prices & sales, China data dump, NZ job ads, Aus company external administrations
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1. Nominal domestic spending using debit and credit cards in New Zealand rose +1.1% m/m in February after falls over the previous two months had largely unwound the surge higher in November. Retail spending rose +1.4% m/m and ‘core’ retail rose +1.6% m/m.
2. Kiwi’s card-based spending rose just +0.1% in 3m/3m terms in February, though ‘core’ retail spending rose +0.6%.
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