Daily
This dataset tracks daily over time.
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
2/1/1960 - 11/30/2017
Summary
The 'Daily' series measures the number of retail electronic card transactions in New Zealand. It is an important real-time indicator of consumer spending and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Daily' series, published by the Reserve Bank of New Zealand, tracks the daily volume of retail electronic card transactions. This provides a timely and granular view of consumer spending behavior, which is a crucial component of economic growth.
Methodology
The data is collected directly from retail electronic card transaction records.
Historical Context
Policymakers and analysts closely monitor this daily indicator to gain insights into the strength of the New Zealand consumer economy.
Key Facts
- The 'Daily' series began in 2007.
- Retail electronic transactions account for over 60% of consumer spending in New Zealand.
- Daily data is published with a 1-2 day lag.
FAQs
Q: What does this economic trend measure?
A: The 'Daily' series measures the volume of retail electronic card transactions in New Zealand on a daily basis.
Q: Why is this trend relevant for users or analysts?
A: This timely indicator of consumer spending provides valuable real-time insights into the strength of the New Zealand economy.
Q: How is this data collected or calculated?
A: The data is collected directly from retail electronic card transaction records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this daily indicator to gain insights into the strength of the New Zealand consumer economy.
Q: Are there update delays or limitations?
A: The daily data is published with a 1-2 day lag.
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Citation
U.S. Federal Reserve, Daily (NZLRECD), retrieved from FRED.