Electronic card transactions in New Zealand edged up 0.9 percent over the previous month in September 2021, as COVID-19 alert levels eased from level 3 to level 2, except in Auckland. Seasonally adjusted card spending rose in three of the six retail industries in September 2021, with higher sales of durable goods (such as furniture, hardware, and appliances) driving the increase, up $193 million (17.5 percent). Seasonally adjusted spending on groceries and liquor (consumables) had the largest fall, down $83 million (3.3 percent) from August 2021. “This fall comes on the back of high groceries spending in August, as supermarkets are an essential service that stay open throughout the lockdowns,” business performance manager Ricky Ho said. In the September quarter, seasonally adjusted retail spending decreased by $2.1 billion (11.6 percent), and total spending was down $3.1 billion (13.4 percent) compared with the June 2021 quarter. source: Statistics New Zealand
Credit Card Spending in New Zealand averaged 4082.18 NZD Million from 2002 until 2021, reaching an all time high of 6359 NZD Million in July of 2021 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 October of 2021.
Credit Card Spending in New Zealand is expected to be 6062.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Credit Card Spending is projected to trend around 6568.00 NZD Million in 2022 and 6775.00 NZD Million in 2023, according to our econometric models.