New Zealand Credit Card Spending Edge Up in February
2025-03-11 21:57
By
Mojdeh Kazemi
1 min. read
Electronic card transactions in New Zealand rose by 0.3% to NZD 6,528 million on a seasonally adjusted basis in February 2025.
Consumables saw a 0.6% increase, while apparel gained 1%.
Fuel remained unchanged, showing no significant movement.
Motor vehicles (excluding fuel) experienced a slight decline of 0.3%, and durables also dropped by 0.1%.
Hospitality recorded a 0.1% decrease.
On a year-over-year basis, electronic card transactions fell by 4.2%, following a 0.5% drop the previous month, marking the eleventh consecutive month of declining consumer spending trends.