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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Credit Card Spending YoY climbed to 4.7% in November 2025
FMPMonthlyReleased December 2025
New Zealand Credit Card Spending YoY climbed to 4.7% in November 2025, released December 2025, up 3.1% from October's 1.6% reading. The print exceeded the 2.0% consensus by 2.7%. Credit Card Spending YoY has now risen for 3 consecutive months. Over the past 3 months, Credit Card Spending YoY averaged 0.8%, vs 2.0% in the prior 3-month window. Credit Card Spending YoY is now the highest in 28 months.
Latest Release
4.7
Actual
2
Consensus
1.6
Previous
Median Absolute Error
±1.69 percentage points
across last 12 releases
Last Call
Dec 2025
Predicted: 1.38
Actual: 4.7
Error: -3.33
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| NZD/USD | ▼ Inverse | −0.57 | FOREX | Moves against | → View |
| AUD/NZD | ▲ Direct | +0.46 | FOREX | Moves with | → View |
| AUD/USD | ▼ Inverse | −0.36 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.33 | COMMODITIES | Moves with | → View |
| NZD/JPY | ▼ Inverse | −0.25 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Credit Card Spending YoY (New Zealand) was reported at 5.3% in August 2026. The reading rose from the previous value of 3.2%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 1.86%, ranging from -1.1% to 5.3% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.37%, up from the prior three at 0.57%. Volatility over the past year (σ 2.04%) is comparable than the prior year (σ 1.88%). In August readings over the past 3 years, Credit Card Spending YoY has averaged 0.97%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with NZD/USD (Bearish NZD). A secondary relationship exists with AUD/NZD, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 1.69%.
WHAT TO WATCH NEXT
The next release is scheduled for September 21, 2026. Same-country events in the next 14 days include Retail Sales MoM (Sep 14) and Current Account (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Credit Card Spending YoY - NZ
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About Credit Card Spending YoY — New Zealand
DEFINITION
Credit Card Spending YoY (Year-over-Year) is a financial indicator that measures the change in the amount of money spent using credit cards over a specific period of time, typically compared to the same period in the previous year. This metric is used by businesses and financial institutions to track consumer spending habits and assess the overall health of the economy. A positive YoY increase in credit card spending may indicate a growing economy, while a negative change could suggest a decrease in consumer confidence and potential economic downturn.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 5.3 %. Prior reading (Apr 2026): 2.9 %. Before that (Mar 2026): 2.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with NZD/USD (Bearish NZD, r=-0.57) — a useful reference for forex-focused traders.
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Economic Calendar - NZ Events
| Sunday, September 13, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 22:30 | NZ | Services NZ PSI | 51.2 | 50.6 | 50.5 | 50.85 | Low |
| 22:30 | NZ | Composite NZ PCI | 52.5 | 52.5 | 52.3 | 52.40 | Low |
| 22:45 | NZ | Visitor Arrivals YoY | 8.5 | 8.1 | 4 | 6.25 | Low |
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 22:45 | NZ | Electronic Retail Card Spending YoY | 3.4 | 3 | 3.00 | Low | |
| 22:45 | NZ | Electronic Retail Card Spending MoM | 1.3 | -0.7 | -0.70 | Low | |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 02:35 | NZ | 3-Month Bill Auction | 2.878 | 2.809 | 2.81 | Low | |
| 21:00 | NZ | Westpac Consumer Confidence | 80.4 | 82.3 | 76.05 | Low | |
| 22:45 | NZ | Current Account | -1.01 | -2.65 | -2.64 | Medium | |
| 22:45 | NZ | Current Account | -1.01 | -7.5 | -7.49 | Medium | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 22:45 | NZ | GDP Growth Rate YoY | 1.5 | 2.3 | 2.30 | Medium | |
| 22:45 | NZ | GDP Growth Rate QoQ | 0.8 | 0.1 | 0.10 | Medium | |