New Zealand electronic retail card spending fell 0.4 percent over a month earlier January of 2021 to NZD 5.99 billion, following a 0.6 percent drop in the previous month. It was the fifth consecutive increase, as spending declined in consumables (-1.3 percent) and apparel (-2.0 percent), whereas durables rose (2.1 percent). Meanwhile, among non-core industries, spending on fuel rose 10 percent and on vehicles 67.3 percent. Year-on-year, electronic retail card spending increased 1.9 percent and softened after rising 3.5 percent in the prior month. source: Statistics New Zealand

Credit Card Spending in New Zealand averaged 4009.50 NZD Million from 2002 until 2020, reaching an all time high of 7460 NZD Million in December of 2020 and a record low of 2150 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 February of 2021.

Credit Card Spending in New Zealand is expected to be 5850.00 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 6070.00 in 12 months time. In the long-term, the New Zealand Credit Card Spending is projected to trend around 6190.00 NZD Million in 2022, according to our econometric models.

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New Zealand Credit Card Spending

Actual Previous Highest Lowest Dates Unit Frequency
5986.00 6010.00 6085.00 2150.00 2002 - 2021 NZD Million Monthly
Current prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-18 09:45 PM Electronic Retail Card Spending YoY Dec 3.5% 1.4%
2021-01-18 09:45 PM Electronic Retail Card Spending MoM Dec 19.2% 0.1%
2021-02-10 09:45 PM Electronic Retail Card Spending MoM Jan -0.4% -0.6%
2021-02-10 09:45 PM Electronic Retail Card Spending YoY Jan 1.9% 3.5%
2021-03-09 09:45 PM Electronic Retail Card Spending MoM Feb -0.4%
2021-03-09 09:45 PM Electronic Retail Card Spending YoY Feb 1.9%
2021-04-12 10:45 PM Electronic Retail Card Spending YoY Mar
2021-04-12 10:45 PM Electronic Retail Card Spending MoM Mar


News Stream
New Zealand Credit Card Spending Falls in January
New Zealand electronic retail card spending fell 0.4 percent over a month earlier January of 2021 to NZD 5.99 billion, following a 0.6 percent drop in the previous month. It was the fifth consecutive increase, as spending declined in consumables (-1.3 percent) and apparel (-2.0 percent), whereas durables rose (2.1 percent). Meanwhile, among non-core industries, spending on fuel rose 10 percent and on vehicles 67.3 percent. Year-on-year, electronic retail card spending increased 1.9 percent and softened after rising 3.5 percent in the prior month.
2021-02-10
New Zealand Credit Card Spending Jumps in December
New Zealand electronic retail card spending jumped 19.2 percent over a month earlier in December of 2020 to NZD 7.46 billion, following a 0.1 percent gain in the previous month. It was the fourth consecutive increase, as spending rose sharply in consumables (17.7 percent), durables (26.7 percent), hospitality (10.7 percent), and apparel (37.3 percent). Meanwhile, among non-core industries, spending on fuel rose 10 percent and on vehicles 67.3 percent. Year-on-year, electronic retail card spending increased 3.5 percent, following a 1.4 percent rise in the prior month.
2021-01-18
New Zealand Credit Card Spending Loses Steam
New Zealand electronic retail card spending edged up 0.1 percent over a month earlier in November of 2020 to NZD 6.26 billion, following an 8.8 percent gain in the previous month. It was the third consecutive increase, as spending in the retail jumped 1.4 percent (or NZD 85 million), while consumption in the core retail industries rose by 3.3 percent (or NZD 175 million). In contrast, hospitality was down $97 million (8.3 percent) and fuel declined $101 million (17 percent). Year-on-year, electronic retail card spending increased 1.4 percent, following a 8.2 percent rise in the prior month.
2020-12-09
New Zealand Credit Card Spending Rise for 2nd Month
New Zealand electronic retail card spending jumped 8.8 percent over a month earlier in October of 2020 to NZD 6.24 billion, following a 5.4 percent gain in the previous month. It was the second consecutive increase as card spending increased further in hospitality (15.1 percent vs 12.8 percent in September). Year-on-year, electronic retail card spending increased 8.2 percent, following a 7.3 percent rise in the prior month.
2020-11-09

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.