New Zealand electronic retail card spending rose 0.9 percent over a month earlier in March of 2021 to NZD 5.89 billion, rebounding from a 2.5 percent decline in the previous month. Seasonally adjusted card spending rose in four of the six retail industries, led by higher sales of long-lasting goods such as furniture, hardware, and appliances (durables). Year-on-year, electronic retail card spending increased 5.1 percent, following a 5.3 percent drop in the prior month. source: Statistics New Zealand
Credit Card Spending in New Zealand averaged 4033.10 NZD Million from 2002 until 2021, reaching an all time high of 6179 NZD Million in July 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 May of 2021.
Credit Card Spending in New Zealand is expected to be 5936.00 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 6090.00 in 12 months time. In the long-term, the New Zealand Credit Card Spending is projected to trend around 6245.00 NZD Million in 2022 and 6451.00 NZD Million in 2023, according to our econometric models.