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. 

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