Electronic card transactions in New Zealand rose 11.7% percent year-on-year to NZD 6086 million in February of 2023, the lowest level of electronic card spending since June 2022, following a 2.7 percent increase in the previous month. On a seasonally-adjusted monthly basis, electronic card spending remained unchanged in the second month of 2023. source: Statistics New Zealand

Credit Card Spending in New Zealand averaged 4208.63 NZD Million from 2002 until 2023, reaching an all time high of 8146.00 NZD Million in December of 2022 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 March of 2023.

Credit Card Spending in New Zealand is expected to be 6050.00 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 8200.00 NZD Million in 2024 and 8400.00 NZD Million in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
New Zealand Credit Card Spending



Calendar GMT Actual Previous Consensus TEForecast
2023-03-08 09:45 PM Electronic Retail Card Spending MoM Feb 0% 2.6% -1.2%
2023-03-08 09:45 PM Electronic Retail Card Spending YoY Feb 11.7% 2.7% 1.9%


Related Last Previous Unit Reference
Retail Sales MoM -0.60 0.60 percent Dec 2022
Retail Sales YoY -4.00 4.90 percent Dec 2022
Consumer Spending 43696.00 43333.00 NZD Million Dec 2022
Credit Card Spending 6085.00 6516.00 NZD Million Feb 2023

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
6085.00 6516.00 8146.00 56.91 2002 - 2023 NZD Million Monthly
Current prices, NSA

News Stream
New Zealand Credit Card Spending Hits Fresh Record
Electronic card transactions in New Zealand rose by 4.1 percent year-on-year to a record NZD 8,146 in December of 2022, following a 7.1 percent increase in the previous month. On a seasonally monthly basis, electronic card spending went down 2.5 percent in December.
2023-01-17
Credit Card Spending in New Zealand Rises Slightly
Retail card spending in New Zealand rose $21 million or 0.3 percent in November 2022 compared with October 2022, when adjusted for seasonal effects as the rising cost of living has seen people spending more on essentials like groceries, and less on durables like furniture and appliances. The increase largely came from spending on consumables, which includes groceries and liquor, up $16 million (0.6 percent). On the other hand, card spending on durable items such as furniture, hardware, and appliances had the largest fall in November, down $18 million (1.1 percent).
2022-12-08
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