New Zealand data: January Card retail sales -1.6% m/m (prior +2.4) & -0.5% y/y (prior -1)
Card spending data covers around 68% of core retail sales in NZ. Its used as the main retail sales indicator for the country.
![New Zealand January card purchases 13 February 2025 2](https://images.forexlive.com/images/New%20Zealand%20January%20card%20purchases%2013%20February%202025_id_857155ca-9e16-4af6-92ff-f282001c6b0d_size900.jpg)
Not moving the NZD too much. It doesn;t tend to.
More coming from the Reserve Bank of New Zealand later today: