New Zealand electronic retail card spending climbed 16.3 percent over a month earlier in April of 2020 to NZD 5.7 billion, following a 78.9 percent jump in May. Spending rose at a softer pace for durables (15.6 percent vs 292 percent), hospitality (64.3 percent vs 1021.8 percent), apparel (38.1 percent vs 596.3 percent), fuel (25.3 percent vs 107 percent), and vehicles (21.1 percent vs 495 percent). In contrast, spending for consumables declined 0.3 percent after climbing 3.5 percent. Year-on-year, electronic retail card spending increased 8 percent, following a 6 percent drop in the prior month.

Credit Card Spending in New Zealand averaged 3934.16 NZD Million from 2002 until 2020, reaching an all time high of 5863 NZD Million in February of 2020 and a record low of 2155 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 July of 2020. source: Statistics New Zealand

Credit Card Spending in New Zealand is expected to be 5610.00 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 5930.00 in 12 months time. In the long-term, the New Zealand Credit Card Spending is projected to trend around 6070.00 NZD Million in 2021, according to our econometric models.

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New Zealand Credit Card Spending

Actual Previous Highest Lowest Dates Unit Frequency
5700.00 5188.00 5863.00 2155.00 2002 - 2020 NZD Million Monthly
Current prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-10 10:45 PM Electronic Retail Card Spending YoY May -6% -47.5%
2020-06-10 10:45 PM Electronic Retail Card Spending MoM May 78.9% -47.5%
2020-07-09 10:45 PM Electronic Retail Card Spending MoM Jun 16.3% 78.9%
2020-07-09 10:45 PM Electronic Retail Card Spending YoY Jun 8% -6%
2020-08-11 10:45 PM Electronic Retail Card Spending MoM Jul 16.3%
2020-08-11 10:45 PM Electronic Retail Card Spending YoY Jul 8%
2020-09-09 10:45 PM Electronic Retail Card Spending MoM Aug
2020-09-09 10:45 PM Electronic Retail Card Spending YoY Aug


News Stream
New Zealand Electronic Retail Spending Resurges
New Zealand electronic retail card spending climbed 16.3 percent over a month earlier in April of 2020 to NZD 5.7 billion, following a 78.9 percent jump in May. Spending rose at a softer pace for durables (15.6 percent vs 292 percent), hospitality (64.3 percent vs 1021.8 percent), apparel (38.1 percent vs 596.3 percent), fuel (25.3 percent vs 107 percent), and vehicles (21.1 percent vs 495 percent). In contrast, spending for consumables declined 0.3 percent after climbing 3.5 percent. Year-on-year, electronic retail card spending increased 8 percent, following a 6 percent drop in the prior month.
2020-07-09
New Zealand Credit Card Spending Rebounds Sharply
New Zealand electronic retail card spending rebounded a sharp 78.9 percent over a month earlier in May of 2020 to NZD 5.2 billion, following an upwardly revised 47.5 percent decline in April. This was the largest increase in both dollar terms and percentage change since the series began in 2002. Spending rebounded for consumables (3.6 percent vs -12.1 percent), durables (292.1 percent vs -72.9 percent); hospitality (1023 percent vs -92.7 percent); apparel (597.2 percent vs -83.2 percent); fuel (107.1 percent vs -60.8) and vehicles (496.5 percent vs -79.3 percent). Year-on-year, electronic retail card spending declined 6 percent, following from a 47.5 percent drop in the prior month.
2020-06-10
New Zealand Retail Card Spending Falls at Record Pace
New Zealand electronic retail card spending plunged 46.8 percent over a month earlier in April of 2020 to NZD 2.98 billion, following an upwardly revised 4.6 percent decline in March. This was the largest fall in both dollar terms and percentage change since the series began in 2002. Spending dropped across all retail industries: consumables (-10.8 percent), durables (-72.4 percent); hospitality (-92.6 percent); apparel (-82.8 percent); fuel (-60 percent) and vehicles (-78.6 percent). Year-on-year, electronic retail card spending went down 47.5 percent, following from a 1.8 percent drop in the prior month.
2020-05-10
New Zealand Credit Card Spending Rises More than Expected
New Zealand electronic retail card spending edged rose 0.6 percent over a month earlier in February 2020 to NZD 5.85 billion, rebounding from an upwardly revised 0.2 percent decline in January and beating market expectations of a 0.3 percent gain. Spending increased in three of the six retail industries: consumables (2.4 percent), durables (0.8 percent), and vehicles (0.3 percent ). In contrast, expenditures declined in hospitality (-0.8 percent), apparel (-0.6 percent), and fuel (-0.2 percent). Year-on-year, electronic retail card spending went up 8.6 percent, accelerating from a 4.2 percent gain in the prior month.
2020-03-10

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.