New Zealand electronic retail card spending edged rose 0.6 percent over a month earlier in February 2020 to NZD 5.85 billion, rebounding from an upwardly revised 0.2 percent decline in January and beating market expectations of a 0.3 percent gain. Spending increased in three of the six retail industries: consumables (2.4 percent), durables (0.8 percent), and vehicles (0.3 percent ). In contrast, expenditures declined in hospitality (-0.8 percent), apparel (-0.6 percent), and fuel (-0.2 percent). Year-on-year, electronic retail card spending went up 8.6 percent, accelerating from a 4.2 percent gain in the prior month.

Credit Card Spending in New Zealand averaged 3930.91 NZD Million from 2002 until 2020, reaching an all time high of 5861 NZD Million in November of 2019 and a record low of 2155 NZD Million in November of 2002. This page provides - New Zealand Credit Card Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Credit Card Spending - data, historical chart, forecasts and calendar of releases - was last updated on April of 2020. source: Statistics New Zealand

Credit Card Spending in New Zealand is expected to be 5710.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Credit Card Spending in New Zealand to stand at 5850.00 in 12 months time. In the long-term, the New Zealand Credit Card Spending is projected to trend around 6070.00 NZD Million in 2021, according to our econometric models.

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New Zealand Credit Card Spending

Actual Previous Highest Lowest Dates Unit Frequency
5852.00 5815.00 5861.00 2155.00 2002 - 2020 NZD Million Monthly
Current prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-10 09:45 PM Electronic Retail Card Spending YoY Feb 8.6% 4.2% 4.1%
2020-03-10 09:45 PM Electronic Retail Card Spending MoM Feb 0.6% -0.2% 0.3%
2020-04-08 11:45 PM Electronic Retail Card Spending MoM Mar -3.9% 0.5% 0.3%
2020-04-08 11:45 PM Electronic Retail Card Spending YoY Mar -1.8% 8.6% 5.3%
2020-05-10 10:45 PM Electronic Retail Card Spending YoY Apr
2020-05-10 10:45 PM Electronic Retail Card Spending MoM Apr
2020-06-10 10:45 PM Electronic Retail Card Spending MoM May
2020-06-10 10:45 PM Electronic Retail Card Spending YoY May


News Stream
New Zealand Credit Card Spending Rises More than Expected
New Zealand electronic retail card spending edged rose 0.6 percent over a month earlier in February 2020 to NZD 5.85 billion, rebounding from an upwardly revised 0.2 percent decline in January and beating market expectations of a 0.3 percent gain. Spending increased in three of the six retail industries: consumables (2.4 percent), durables (0.8 percent), and vehicles (0.3 percent ). In contrast, expenditures declined in hospitality (-0.8 percent), apparel (-0.6 percent), and fuel (-0.2 percent). Year-on-year, electronic retail card spending went up 8.6 percent, accelerating from a 4.2 percent gain in the prior month.
2020-03-10
New Zealand Credit Card Spending Unexpectedly Falls in January
New Zealand electronic retail card spending edged down 0.1 percent in January 2020 to NZD 5.81 billion, after an upwardly revised 0.9 percent decline in the previous month and missing market expectations of a 1 percent gain. Spending decreased in across three of the six retail industries: apparel (-0.3 percent), consumables (-0.3 percent), and hospitality (-1 percent). On the other hand, spending rose in fuel (1.5 percent), durables (0.3 percent), and motor vehicles excluding fuels (0.6 percent). Year-on-year, electronic retail card spending went up 4.2 percent, accelerating from a 3.9 percent gain in December.
2020-02-11
New Zealand Retail Card Spending Falls in December
New Zealand electronic retail card spending fell 0.8 percent from a month earlier to NZD 5.82 billion in December 2019, after an upwardly revised 2.9 percent rise in the previous month and compared with market forecast of a 0.2 percent decline. Spending decreased in across four of the six retail industries: durables, including hardware, furniture, and appliances (down 2.5 percent); fuel (down 1.3 percent); apparel (down 1.9 percent); and vehicles (down 1.5 percent). On the other hand, spending rose in hospitality (up 0.4 percent); and consumables, including groceries and liquor, (up 0.2 percent). Year-on-year, electronic retail card spending went up 3.9 percent, easing from a 5.1 percent gain in November.
2020-01-16
New Zealand Retail Card Spending Rises the Most in Nearly 2 Years
New Zealand electronic retail card spending rose 2.6 percent from a month earlier to NZD 5.86 billion in November 2019, rebounding from a downwardly revised 0.5 percent fall in October and above market expectations of a 0.5 percent gain. It was the biggest increase since January 2017, amid Black Friday and Singles Day sales promotions. Spending increased for consumables, including groceries and liquor (1.4 percent from -0.5 percent in October); durables, including hardware, appliances, department stores, and pharmaceuticals (5.4 percent from -0.8 percent); apparel (1.8 percent from -0.8 percent); and vehicles (1.4 percent from -1 percent). Also, spending advanced further in hospitality (1.4 percent from 0.1 percent); while fuel purchases eased (0.9 percent from 1.1 percent). Year-on-year, electronic retail card spending went up 5.1 percent, after a 1.6 percent rise and beating market forecasts of a 1.5 percent gain.
2019-12-11

New Zealand Credit Card Spending
In New Zealand, Electronic Retail Card Spending measures the credit card spending by individuals on consumables, durables, hospitality, apparel industry, motor vehicles and fuel. The electronic card transactions series covers all debit, credit, and charge card transactions with New Zealand-based merchants. It can be used to indicate changes in consumer spending and economic activity.