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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Credit Card Spending YoY climbed to 6.9% in September 2026
FMPMonthlyReleased October 2026
New Zealand Credit Card Spending YoY climbed to 6.9% in September 2026, released October 2026, up 3.3% from August's 3.6% reading. The print exceeded the 3.4% consensus by 3.5%. The print is running well above the 12-month average of 2.02%. Credit Card Spending YoY is now the highest in 37 months.
Latest Release
6.9
Actual
3.4
Consensus
3.6
Previous
Median Absolute Error
±1.83 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 2.4
Actual: 6.9
Error: -4.5
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 |
|---|---|---|---|---|---|
| AUD/NZD | ▲ Direct | +0.59 | FOREX | Moves with | → View |
| NZD/USD | ▼ Inverse | −0.54 | 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 6.9% in October 2026. This beat the market consensus of 3.4% by 3.5%. The reading rose from the previous value of 3.6%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 2.53%, ranging from -1.1% to 6.9% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 5.23%, up from the prior three at 0.93%. Volatility over the past year (σ 2.44%) is higher than the prior year (σ 1.61%). In October readings over the past 3 years, Credit Card Spending YoY has averaged 1.3%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/NZD (Bullish AUD). A secondary relationship exists with NZD/USD, negatively correlated (Bearish NZD). Over the last 12 releases, the Sigmacast model's median absolute error is 1.83%.
WHAT TO WATCH NEXT
The next release is scheduled for November 20, 2026. Same-country events in the next 14 days include Employment Change QoQ (Nov 3) and Unemployment Rate (Nov 3).
Auto-generated from current model state · Refreshes on each release · Last update October 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 (Sep 2026): actual 6.9 %, consensus 3.4 %. Prior reading (Aug 2026): 3.5 %. Before that (Jul 2026): 5.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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 AUD/NZD (Bullish AUD, r=0.59) — a useful reference for forex-focused traders.
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Economic Calendar - NZ Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:00 | NZ | ANZ Business Confidence | 52.5 | 51.9 | 51.5 | 52.00 | Medium |
| 21:00 | NZ | ANZ Roy Morgan Consumer Confidence | 96.2 | 97.6 | 97.4 | 96.80 | Low |