New Zealand electronic retail card spending fell 0.4 percent over a month earlier January of 2021 to NZD 5.99 billion, following a 0.6 percent drop in the previous month. It was the fifth consecutive increase, as spending declined in consumables (-1.3 percent) and apparel (-2.0 percent), whereas durables rose (2.1 percent). Meanwhile, among non-core industries, spending on fuel rose 10 percent and on vehicles 67.3 percent. Year-on-year, electronic retail card spending increased 1.9 percent and softened after rising 3.5 percent in the prior month. source: Statistics New Zealand
Credit Card Spending in New Zealand averaged 4009.50 NZD Million from 2002 until 2020, reaching an all time high of 7460 NZD Million in December 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 March of 2021.
Credit Card Spending in New Zealand is expected to be 5850.00 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 6070.00 in 12 months time. In the long-term, the New Zealand Credit Card Spending is projected to trend around 6190.00 NZD Million in 2022, according to our econometric models.