New Zealand data – Electronic Card Retail Sales (March) +0.7% m/m (expected 1.5%) | Forexlive

Data for purchases made in New Zealand on debit, credit and store cards.

+0.7% m/m

• vs. expected 1.5% and prior 0.0%

+15.5% y/y

• expected 9.5%, prior 11.7%

Economic growth in New Zealand is taking a hit from the prolonged rate hike cycle. Recession appears inevitable.