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.

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New Zealand Credit Card Spending


Calendar GMT Actual Previous Consensus TEForecast
2021-10-11 09:45 PM Electronic Retail Card Spending MoM Sep 0.9% -19.7%
2021-10-11 09:45 PM Electronic Retail Card Spending YoY Sep -14.9% -11.4%
2021-11-08 09:45 PM Electronic Retail Card Spending MoM Oct


News Stream
New Zealand Credit Card Spending Edges Up in September
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.
2021-10-11
New Zealand Credit Card Spending Slides in August amid Lockdown
Electronic card transactions in New Zealand tumbled 19.8 over the previous month as the country went into lockdown in the second half of the month. This latest drop in monthly seasonally adjusted card spending was less than half the drop seen in April 2020 (down 47.3 percent) when the country was in lockdown for almost the entire month. Consumables (includes groceries, liquor, and specialised food) was the only spending category that saw an increase in card spending over the month; $216 million or 9.3 percent. Supermarkets and grocery stores remained open as an essential service during lockdown, but many businesses that sold durables or apparel were not considered essential. The durables spending category, which includes many non-essential items such as furniture, hardware, and appliances, dropped $605 million or 35.5 percent in August. Year-on-year, electronic retail card spending fell 11.4 percent, after a 4.7 percent rise in July.
2021-09-09
New Zealand Credit Card Spending at Fresh Record
Electronic card transactions in New Zealand increased 0. 6 percent over the previous month to a record high of NZD 6,357 million in July of 2021, led by spending on consumables (0.7 percent). Year-on-year, electronic retail card spending rose 4.7 percent, following a 4.0 percent surge in the prior month.
2021-08-09

New Zealand Last Unit Reference Previous Highest Lowest
Retail Sales MoM 3.30 percent Jun/21 2.80 27.80 -15.50
Retail Sales YoY 33.30 percent Jun/21 6.60 33.30 -14.20
Consumer Spending 43552.00 NZD Million Jun/21 43840.00 43840.00 15207.00
Credit Card Spending 5149.00 NZD Million Sep/21 5104.00 6359.00 2150.00


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.