New Zealand electronic retail card spending jumped 8.8 percent over a month earlier in October of 2020 to NZD 6.24 billion, following a 5.4 percent gain in the previous month. It was the second consecutive increase as card spending increased further in hospitality (15.1 percent vs 12.8 percent in September). Year-on-year, electronic retail card spending increased 8.2 percent, following a 7.3 percent rise in the prior month. source: Statistics New Zealand
Credit Card Spending in New Zealand averaged 3983.20 NZD Million from 2002 until 2020, reaching an all time high of 6241 NZD Million in October of 2020 and a record low of 2150 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 December of 2020.
Credit Card Spending in New Zealand is expected to be 5750.00 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 5990.00 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 and 6190.00 NZD Million in 2022, according to our econometric models.