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 April of 2021.

Credit Card Spending in New Zealand is expected to be 5930.00 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 5900.00 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
5884.00 5832.00 6179.00 2150.00 2002 - 2021 NZD Million Monthly
Current prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-09 09:45 PM Electronic Retail Card Spending YoY Feb -5.3% 1.9%
2021-03-09 09:45 PM Electronic Retail Card Spending MoM Feb -2.5% -0.3%
2021-04-12 10:45 PM Electronic Retail Card Spending MoM Mar 0.9% -2.5%
2021-04-12 10:45 PM Electronic Retail Card Spending YoY Mar 5.1% -5.3%
2021-05-10 10:45 PM Electronic Retail Card Spending YoY Apr 5.1%
2021-05-10 10:45 PM Electronic Retail Card Spending MoM Apr
2021-06-09 10:45 PM Electronic Retail Card Spending MoM May
2021-06-09 10:45 PM Electronic Retail Card Spending YoY May


News Stream
New Zealand Credit Card Spending Rebounds
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.
2021-04-12
New Zealand Credit Card Spending Drops 2.5% MoM
New Zealand electronic retail card spending fell 2.5 percent over a month earlier February of 2021 to NZD 5.83 billion, following a 0.3 percent drop in the previous month. It was the fifth consecutive decline, as spending declined in consumables (-0.8 percent vs. -1.5 percent in January) and apparel (-2.8 percent vs. -2.1 percent), whereas durables rose (-0.4 percent vs. 2.0 percent). Year-on-year, electronic retail card spending declined 5.3 percent and after rebounding 1.9 percent in the prior month.
2021-03-09
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
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.