24 Feb 2009

Credit card billings up in January

6:53 am on 24 February 2009

Credit card billings in New Zealand rose for the first time in four months in January.

The Reserve Bank says total billings rose a seasonally adjusted 1.7% last month, compared with a fall of 2.2% in December.

It was the strongest monthly gain since May 2006.

Billings fell a seasonally adjusted 2.2% on a year earlier, after a revised fall of 3.8% in the year to December.