Electronic card transactions in New Zealand rose by 1.9 percent over a year earlier to NZD 6,043 million in June of 2022, picking up from a 0.7 percent increase in the previous month. Purchases accelerated for fuel (14.7 percent vs 12.4 percent in May) and rebounded for apparel (1.3 percent vs -5.8 percent). At the same time, card spending fell at a slower pace for durables (-1.3 percent vs -1.7 percent) and hospitality (-0.6 percent vs -5.8 percent). On the other hand, purchases decelerated for consumables (3 percent vs 3.6 percent). On a seasonally monthly basis, electronic card spending edged 0.1 percent higher. source: Statistics New Zealand

Credit Card Spending in New Zealand averaged 4127.81 NZD Million from 2002 until 2022, reaching an all time high of 7771 NZD Million in December of 2021 and a record low of 56.91 NZD Million in August 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 August of 2022.

Credit Card Spending in New Zealand is expected to be 6300.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Credit Card Spending is projected to trend around 6775.00 NZD Million in 2023, according to our econometric models.

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New Zealand Credit Card Spending



Related Last Previous Unit Reference
Retail Sales MoM -0.50 8.60 percent Mar 2022
Retail Sales YoY 2.30 4.40 percent Mar 2022
Consumer Spending 44541.00 42584.00 NZD Million Mar 2022
Credit Card Spending 6043.00 6172.00 NZD Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
6043.00 6172.00 7771.00 56.91 2002 - 2022 NZD Million Monthly
Current prices, NSA

News Stream
New Zealand Card Purchases Accelerate in June
Electronic card transactions in New Zealand rose by 1.9 percent over a year earlier to NZD 6,043 million in June of 2022, picking up from a 0.7 percent increase in the previous month. Purchases accelerated for fuel (14.7 percent vs 12.4 percent in May) and rebounded for apparel (1.3 percent vs -5.8 percent). At the same time, card spending fell at a slower pace for durables (-1.3 percent vs -1.7 percent) and hospitality (-0.6 percent vs -5.8 percent). On the other hand, purchases decelerated for consumables (3 percent vs 3.6 percent). On a seasonally monthly basis, electronic card spending edged 0.1 percent higher.
2022-07-10
New Zealand Credit Card Spending Eases in May
Electronic card transactions in New Zealand increased by 0.7 percent over a year earlier in May of 2022, slowing from a 2.1 percent rise in the previous month. Purchases of consumables (3.6 percent vs 6.5 percent in April) eased while that of durables (-1.7 percent vs 1.5 percent), hospitality (-5 percent vs -4.9 percent) and apparel (-5.8 percent vs -3.2 percent) fell. On the other hand, purchases of fuel rose 12.4 percent, accelerating from a 3.9 percent increase. On a seasonally adjusted monthly basis, electronic card spending went up by 1.9 percent.
2022-06-09
New Zealand Credit Card Spending Rebounds
Electronic card transactions in New Zealand increased by 2.1 percent over a year earlier in April of 2022, reversing a 0.5 percent in the prior month, boosted by higher purchases of consumables (6.5 percent) and fuel (3.9 percent). On a seasonally adjusted monthly basis, electronic card spending surged by 7 percent, the most since last November, after two consecutive months of declines.
2022-05-09