Electronic card transactions in New Zealand increased by 0.7 percent over a year earlier in May of 2022, slowing from a 2.1 percent rise in the previous month. Purchases of consumables (3.6 percent vs 6.5 percent in April) eased while that of durables (-1.7 percent vs 1.5 percent), hospitality (-5 percent vs -4.9 percent) and apparel (-5.8 percent vs -3.2 percent) fell. On the other hand, purchases of fuel rose 12.4 percent, accelerating from a 3.9 percent increase. On a seasonally adjusted monthly basis, electronic card spending went up by 1.9 percent. source: Statistics New Zealand

Credit Card Spending in New Zealand averaged 4119.76 NZD Million from 2002 until 2022, reaching an all time high of 7771 NZD Million in December of 2021 and a record low of 56.91 NZD Million in August 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 June of 2022.

Credit Card Spending in New Zealand is expected to be 6465.00 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 6775.00 NZD Million in 2023, according to our econometric models.

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New Zealand Credit Card Spending



Related Last Previous Unit Reference
Retail Sales MoM -0.50 8.60 percent Mar 2022
Retail Sales YoY 2.30 4.40 percent Mar 2022
Consumer Spending 44541.00 42584.00 NZD Million Mar 2022
Credit Card Spending 6172.00 6114.00 NZD Million May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
6172.00 6114.00 7771.00 56.91 2002 - 2022 NZD Million Monthly
Current prices, NSA

News Stream
New Zealand Credit Card Spending Eases in May
Electronic card transactions in New Zealand increased by 0.7 percent over a year earlier in May of 2022, slowing from a 2.1 percent rise in the previous month. Purchases of consumables (3.6 percent vs 6.5 percent in April) eased while that of durables (-1.7 percent vs 1.5 percent), hospitality (-5 percent vs -4.9 percent) and apparel (-5.8 percent vs -3.2 percent) fell. On the other hand, purchases of fuel rose 12.4 percent, accelerating from a 3.9 percent increase. On a seasonally adjusted monthly basis, electronic card spending went up by 1.9 percent.
2022-06-09
New Zealand Credit Card Spending Rebounds
Electronic card transactions in New Zealand increased by 2.1 percent over a year earlier in April of 2022, reversing a 0.5 percent in the prior month, boosted by higher purchases of consumables (6.5 percent) and fuel (3.9 percent). On a seasonally adjusted monthly basis, electronic card spending surged by 7 percent, the most since last November, after two consecutive months of declines.
2022-05-09
New Zealand Credit Card Spending Falls in February
Electronic card transactions in New Zealand fell 7.8 percent over the previous month in February of 2022, the first decrease since August of 2021. Within the retail spending category, consumables booked the steepest decreases to fall $141.3 million (-5.7 percent). Also, apparel purchases decreased by $50 million (-14.4 percent) and spending on fuel fell by $35 million (-5.9 percent), largely due to more people working from home due to lockdowns amid the spread of the Omicron variable. On a yearly basis, credit card spending increased by 1.1 percent in February.
2022-03-09