26 Jan 2012

Credit card billings rise in December

9:03 am on 26 January 2012

Credit card billings rose in December, as shoppers put Christmas presents on the plastic.

Reserve Bank data shows total billings rose a seasonally adjusted 0.9% in December, after a 4.2% drop in November.

Billings were almost 6% higher than a year earlier, from an annual gain of 3% in November.

Data released last week showed electronic card spending fell 0.3% in December, the second consecutive monthly decline.