Credit Card Spending in New Zealand increased to 6734 NZD Million in October from 6271 NZD Million in September of 2022. source: Statistics New Zealand

Credit Card Spending in New Zealand averaged 4164.15 NZD Million from 2002 until 2022, reaching an all time high of 7771.00 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 November of 2022.

Credit Card Spending in New Zealand is expected to be 6568.00 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



Calendar GMT Actual Previous Consensus TEForecast
2022-11-08 09:45 PM Electronic Retail Card Spending MoM Oct 1% 1.3% 1.1%
2022-11-08 09:45 PM Electronic Retail Card Spending YoY Oct 16.6% 28.6% 27.5%


Related Last Previous Unit Reference
Retail Sales MoM 0.40 -2.20 percent Sep 2022
Retail Sales YoY 4.90 -3.70 percent Sep 2022
Consumer Spending 43264.00 44633.00 NZD Million Jun 2022
Credit Card Spending 6734.00 6271.00 NZD Million Oct 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
6734.00 6271.00 7771.00 56.91 2002 - 2022 NZD Million Monthly
Current prices, NSA

News Stream
New Zealand Credit Card Spending Stays Elevated
Electronic card transactions in New Zealand stayed elevated at 28.6 percent year-on-year to USD $6.27 billion in September of 2022, increasing further from last month’s $6.11 billion and YoY reading of 26.9%. Consumables increased by $20.46 million MoM, durables fell $9.86 million, apparel increased by $14.94 million motor vehicles fell $1.86 million, and fuel increased by $11.71 million. MoM retail card spending increased by 1.4%.
2022-10-10
New Zealand Credit Card Spending Rebounds Sharply
Electronic card transactions in New Zealand surged by 26.9 percent year-on-year to NZD 6,117 in August of 2022, rebounding sharply from a 0.5 percent decrease in the previous month. Purchases recovered for durables (51.2 percent vs -4 percent in July), hospitality (78.2 percent vs -3.6 percent), vehicles (73.3 percent vs -7.6 percent) and apparel (65.7 percent vs -3 percent). Also, purchases of fuel increased faster (42 percent vs 6.4 percent) while those of consumables fell (-3.8 percent vs 2.9 percent). On a seasonally monthly basis, electronic card spending went up 0.9 percent in August, after a 0.2 percent fall in July.
2022-09-08
New Zealand Credit Card Spending Down for 1st Time in 9 Months
Electronic card transactions in New Zealand declined by 0.5 percent year-on-year to NZD 6,221 in July of 2022, shifting from an upwardly revised 2.9 percent rise a month earlier and pointing to the first drop since October 2021. Purchases of apparel fell by 3.0 percent after gaining 1.3 percent in June, while transactions decreased at steeper rates for both durables (-4.0 percent vs -1.3 percent), and hospitality (-3.6 percent vs -0.6 percent). At the same time, purchases of fuel eased sharply (6.4 percent vs 14.7 percent) while those of consumables were little changed (2.9 percent vs 3 percent). On a seasonally monthly basis, electronic card spending fell 0.2 percent in July, the second straight month of drop, after a 0.3 percent contraction in June.
2022-08-09