Total credit card spending in New Zealand decreased in November after rising in the previous two months, the Reserve Bank of New Zealand said Wednesday.
Credit card spending fell 4.2 percent month-over-month in November, reversing a 3.0 percent climb in October.
Domestic billings declined 3.8 percent over the month to NZ$3.173 billion, while overseas billings grew 2.2 percent.
On an annual basis, credit card spending growth eased markedly to 4.1 percent in November from 10.1 percent in the prior month.
Data also showed that credit card balances dropped 0.4 percent from October, when it rose by 2.0 percent. Yearly, credit card balances increased at slower pace of 1.2 percent in November, following a 2.0 percent gain in the preceding month.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.