New Zealand data – Retail card spending (Sep.): +0.1% m/m (expected +0.7%)

A big miss for retail spending
Retail +0.1% m/m
– expected +0.7% m/m, prior -0.2%
– Spending fell in four of the six retail industries in September
– The largest movements came from sales of goods including appliances and furniture (durables), down $15 million or 1.2 percent, offset by grocery and liquor sales (consumables), up $15 million or 0.8