New Zealand electronic retail card spending declined 7.9 percent over a month earlier in August of 2020 to NZD 5.7 billion, following a 1.2 percent increase in the previous month. It was the first decline in four months, as a new wave of coronavirus cases triggered fresh social isolation measures. Spending in core retail industries dropped 7.3 percent (vs 0.6 percent in July), mainly due to apparel (-28 percent), hospitality (-19.7 percent), and durables (-9.9 percent). Also, fuel transactions dropped 9.7 percent, after increasing 7.6 percent in the prior month. In contrast, purchases of consumables went up 3.7 percent. Year-on-year, electronic retail card spending declined 0.8 percent, following an 11.4 percent rise in July.

Credit Card Spending in New Zealand averaged 3970.19 NZD Million from 2002 until 2020, reaching an all time high of 6247 NZD Million in July of 2020 and a record low of 2149 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 September of 2020. source: Statistics New Zealand

Credit Card Spending in New Zealand is expected to be 5610.00 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 5930.00 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 and 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
5756.00 6247.00 6247.00 2149.00 2002 - 2020 NZD Million Monthly
Current prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-10 10:45 PM Electronic Retail Card Spending YoY Jul 11.4% 8%
2020-08-10 10:45 PM Electronic Retail Card Spending MoM Jul 1.2% 16.2% 13.8%
2020-09-09 10:45 PM Electronic Retail Card Spending YoY Aug -0.8% 11.4%
2020-09-09 10:45 PM Electronic Retail Card Spending MoM Aug -7.9% 1.2%
2020-11-10 09:45 PM Electronic Retail Card Spending MoM Oct
2020-11-10 09:45 PM Electronic Retail Card Spending YoY Oct
2020-12-10 09:45 PM Electronic Retail Card Spending YoY Nov
2020-12-10 09:45 PM Electronic Retail Card Spending MoM Nov


News Stream
New Zealand Credit Card Spending Drops 7.9% MoM in August
New Zealand electronic retail card spending declined 7.9 percent over a month earlier in August of 2020 to NZD 5.7 billion, following a 1.2 percent increase in the previous month. It was the first decline in four months, as a new wave of coronavirus cases triggered fresh social isolation measures. Spending in core retail industries dropped 7.3 percent (vs 0.6 percent in July), mainly due to apparel (-28 percent), hospitality (-19.7 percent), and durables (-9.9 percent). Also, fuel transactions dropped 9.7 percent, after increasing 7.6 percent in the prior month. In contrast, purchases of consumables went up 3.7 percent. Year-on-year, electronic retail card spending declined 0.8 percent, following an 11.4 percent rise in July.
2020-09-09
New Zealand Credit Card Spending Rise for 3rd Month
New Zealand electronic retail card spending edged up 1.2 percent over a month earlier in July of 2020 to NZD 6.24 billion, following a downwardly revised 16.2 percent gain in the previous month, but well below market expectations of a 13.8 percent gain. It was the third consecutive increase as card spending continued for hospitality (8.9 percent vs 64.1 percent in June), apparel (6.5 percent vs 38.7 percent), and fuel (7.5 percent vs 25.1 percent). In contrast, spending declined for durables (-4.6 percent vs 15.7 percent) and vehicles (-2.7 percent vs 21.1 percent). Year-on-year, electronic retail card spending increased 11.4 percent, following an 8 percent drop in the prior month.
2020-08-10
New Zealand Electronic Retail Spending Resurges
New Zealand electronic retail card spending climbed 16.3 percent over a month earlier in April of 2020 to NZD 5.7 billion, following a 78.9 percent jump in May. Spending rose at a softer pace for durables (15.6 percent vs 292 percent), hospitality (64.3 percent vs 1021.8 percent), apparel (38.1 percent vs 596.3 percent), fuel (25.3 percent vs 107 percent), and vehicles (21.1 percent vs 495 percent). In contrast, spending for consumables declined 0.3 percent after climbing 3.5 percent. Year-on-year, electronic retail card spending increased 8 percent, following a 6 percent drop in the prior month.
2020-07-09
New Zealand Credit Card Spending Rebounds Sharply
New Zealand electronic retail card spending rebounded a sharp 78.9 percent over a month earlier in May of 2020 to NZD 5.2 billion, following an upwardly revised 47.5 percent decline in April. This was the largest increase in both dollar terms and percentage change since the series began in 2002. Spending rebounded for consumables (3.6 percent vs -12.1 percent), durables (292.1 percent vs -72.9 percent); hospitality (1023 percent vs -92.7 percent); apparel (597.2 percent vs -83.2 percent); fuel (107.1 percent vs -60.8) and vehicles (496.5 percent vs -79.3 percent). Year-on-year, electronic retail card spending declined 6 percent, following from a 47.5 percent drop in the prior month.
2020-06-10

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.