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.

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New Zealand Credit Card Spending

Actual Previous Highest Lowest Dates Unit Frequency
6241.00 5734.00 6241.00 2150.00 2002 - 2020 NZD Million Monthly
Current prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-12 09:45 PM Electronic Retail Card Spending MoM Sep 5.4% -8.9%
2020-10-12 09:45 PM Electronic Retail Card Spending YoY Sep 7.3% -0.8%
2020-11-09 09:45 PM Electronic Retail Card Spending YoY Oct 8.2% 7.3%
2020-11-09 09:45 PM Electronic Retail Card Spending MoM Oct 8.8% 5.4%
2020-12-09 09:45 PM Electronic Retail Card Spending YoY Nov 8.2%
2020-12-09 09:45 PM Electronic Retail Card Spending MoM Nov 8.8%
2021-01-15 09:45 PM Electronic Retail Card Spending MoM Dec
2021-01-15 09:45 PM Electronic Retail Card Spending YoY Dec
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News Stream
New Zealand Credit Card Spending Rise for 2nd Month
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.
2020-11-09
New Zealand Credit Card Spending Rebounds
New Zealand electronic retail card spending rebounded 5.4 percent over a month earlier in September of 2020 after declining 7.9 percent in August to NZD 5.7 billion (+ NZD 389 million). It was the fourth increase in five months, as the Auckland region moved from COVID-19 alert level 3 to alert level 2, with a few extra restrictions. Retail spending rose in four of the six industries. Furniture, hardware, appliances & recreational goods (durables) jumped the most, up NZD 250 million or 19 percent compared with September 2019. Year-on-year, electronic retail card spending rebounded 7.3 percent in September, following a 0.8 percent decline in August.
2020-10-12
New Zealand Credit Card Spending Drops 7.9% MoM in August
New Zealand electronic retail card spending declined 7.9 percent over a month earlier in August of 2020 to NZD 5.7 billion, following a 1.2 percent increase in the previous month. It was the first decline in four months, as a new wave of coronavirus cases triggered fresh social isolation measures. Spending in core retail industries dropped 7.3 percent (vs 0.6 percent in July), mainly due to apparel (-28 percent), hospitality (-19.7 percent), and durables (-9.9 percent). Also, fuel transactions dropped 9.7 percent, after increasing 7.6 percent in the prior month. In contrast, purchases of consumables went up 3.7 percent. Year-on-year, electronic retail card spending declined 0.8 percent, following an 11.4 percent rise in July.
2020-09-09
New Zealand Credit Card Spending Rise for 3rd Month
New Zealand electronic retail card spending edged up 1.2 percent over a month earlier in July of 2020 to NZD 6.24 billion, following a downwardly revised 16.2 percent gain in the previous month, but well below market expectations of a 13.8 percent gain. It was the third consecutive increase as card spending continued for hospitality (8.9 percent vs 64.1 percent in June), apparel (6.5 percent vs 38.7 percent), and fuel (7.5 percent vs 25.1 percent). In contrast, spending declined for durables (-4.6 percent vs 15.7 percent) and vehicles (-2.7 percent vs 21.1 percent). Year-on-year, electronic retail card spending increased 11.4 percent, following an 8 percent drop in the prior month.
2020-08-10

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.