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ANZ New Zealand Card Spending Data Shows 0.5% Seasonally Adjusted Rise in July

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ANZ overall card spending showed a 0.5% lift in July in New Zealand, on a seasonally adjusted basis, with annual growth lifting to 6.1% from 5.8%, according to a report from the bank on Tuesday.

Most categories were higher from June, with spending on motor vehicles and fuels falling 0.8% month-over-month, while non-retail trades and goods and services declined. Spending on fuel continued to drop even as fuel prices were off their lows.

Most store types in the apparel group lifted in July, with spend at general clothing stores up nearly 10% year-over-year.

Durables and hospitality saw the largest monthly increases, rising 2.3% and 2%, respectively, after declines for both in June.

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