Credit card billings show modest rise

Credit card billings rose moderately in May after the previous month's decline.

The Reserve Bank said total billings rose a seasonally adjusted 0.5 per cent last month, after a fall of 0.9 per cent in April and a 1 per cent gain in March.

Over a year ago, seasonally adjusted billings were up 5.8 per cent, against 7.8 in the April year.