New Zealand electronic retail card spending edged down 0.1 percent in January 2020 to NZD 5.81 billion, after an upwardly revised 0.9 percent decline in the previous month and missing market expectations of a 1 percent gain. Spending decreased in across three of the six retail industries: apparel (-0.3 percent), consumables (-0.3 percent), and hospitality (-1 percent). On the other hand, spending rose in fuel (1.5 percent), durables (0.3 percent), and motor vehicles excluding fuels (0.6 percent). Year-on-year, electronic retail card spending went up 4.2 percent, accelerating from a 3.9 percent gain in December.
Credit Card Spending in New Zealand averaged 3921.66 NZD Million from 2002 until 2020, reaching an all time high of 5871 NZD Million in November of 2019 and a record low of 2156 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. source: Statistics New Zealand
Credit Card Spending in New Zealand is expected to be 5710.00 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 5850.00 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.