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.