New Zealand Credit Card Spending Drop the Most in A Year

EthereumCraftsman · 2026-02-15T23:55:18+00:00

In January 2026, New Zealand's electronic card transactions decreased by 1.1%, the largest decline since January 2025, due to drops in consumables, durables, hospitality, and fuel, despite gains in apparel, motor vehicles, and services. Annually, spending rose 0.4%.

EthereumCraftsman

2026-02-15 23:55:18

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The seasonally adjusted electronic card transactions in New Zealand fell 1.1% month-over-month in January 2026, steeper than a 0.3% decline in the previous month. The latest result marked the fastest drop since January 2025, dragged by declines in some categories, including consumables (-0.9%), durables (-1.7%), hospitality (-2.1%), and fuel (-3.7%). In contrast, apparel (0.6%), motor vehicles excluding fuel (0.2%), and services (1.9%) posted gains. On an annual basis, total electronic card spending grew 0.4%, reversing a 0.5% fall in December.

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