Larry Williams Drive

New Kiwibank data says New Zealanders have proven reluctant to open their wallets over the last few months. Household electronic card spending fell 9.1% in the first quarter of this year. While it's not unusual for consumer spending to slow down after the holidays, the bank says this was still a noticeably weak result. Kiwibank’s chief economist, Jarrod Kerr joined Andrew Dickens. LISTEN ABOVESee omnystudio.com/listener for privacy information.