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Lockdown causes sharp drop in August electronic spending

 

Retail card spending in New Zealand fell 19.8 percent in August as the country went into lockdown in the second half of the month, Stats NZ said today.

This latest drop in monthly seasonally adjusted card spending was less than half the drop seen in April 2020 (down 47.3 percent) when the country was in lockdown for almost the entire month.

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