Cyprus Card spending contracts by 2%

Spending through credit cards by residents of Cyprus fell 2% year-on-year to EUR 150 mln in Jubne 2009 according to figures released by JCC Payments in another sign of weak consumer spending. Spending by non-residents fell by 11% to EUR 46 mln.

(Full report available in print edition of Financial Mirror and also available online to subscribers in PDF format)