Overall credit card spending in New Zealand climbed a seasonally adjusted 2.0 percent on month in January, Statistics New Zealand said on Tuesday.
That beat expectations for a gain of 1.6 percent following the 1.9 percent contraction in December.
Retail credit card spending was up 1.8 percent on month - also beating forecasts for 1.4 percent following the 2.3 percent decline in the previous month.
Spending in the core retail industries - which excludes the auto-related industries - was up 2.2 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.