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New Zealand’s electronic card retail sales fell sharply in April 2026, dropping 1.3% month-over-month and reversing the previous month’s growth. The latest data, updated on 18 May 2026, show a notable turnaround from March, when card-based retail spending had risen 0.7% compared with February.
The month-on-month decline suggests a pullback in consumer activity following March’s uptick, as households scaled back spending captured through electronic payment channels. With April’s negative print following a positive March, the data highlight increased volatility in short-term retail momentum, which policymakers and markets will watch closely for signs of shifting demand in the broader New Zealand economy.
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