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.