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New Zealand Credit Card Spending Recovers In January
New Zealand's credit card spending increased in January after declining in the previous month, figures from the Reserve Bank of New Zealand showed Monday. Credit card billing recovered by 1.9 percent month-over-month in January after the 0.5 percent drop in December. Domestic billing rose 2 percent and overseas spending increased 2.1 percent. On a year-over-year basis, credit card spending advanced 6.2 percent, faster than the 4.5 percent increase in December.