New Zealand data – July card spending -3.8% y/y (prior -3.1%)

August 21, 2024
-FCHFX

August 21, 2024 at 04:07AM
Via the RBNZ:

Seasonally adjusted total billings in New Zealand remained at $4.3 billion in July,

-0.4% m/m

-3.% y/y

Unadjusted total credit card advances outstanding decreased to $6.0 billion in July-24. After seasonal
adjustment, total advances outstanding were $6.1 billion, 1.2% lower than in July-23.

Total credit limits were $21.0 billion (not seasonally adjusted) in July-24, this was similar to June-24.
This is the lowest value since January 2015.

Credit limit utilisation (the ratio of total advances outstanding to total allowable credit limits) decreased
to 28.8 percent at the end of July-24.

NZD/USD is not a lot changed, around 0.6150

This article was written by Eamonn Sheridan at www.forexlive.com.

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Payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 and CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701)

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