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.