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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 | Signal Bias | Action |
|---|---|---|---|---|---|
| NZD/JPY | ▼ Inverse | −0.32 | FOREX | Bearish NZD | → View |
| NZD/USD | ▼ Inverse | −0.27 | FOREX | Bearish NZD | → View |
| AUD/USD | ▼ Inverse | −0.25 | FOREX | Bearish AUD | → 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 2.9% in May 2026. The reading rose from the previous value of 2.1%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 1.48%, ranging from -1.1% to 4.7% across 12 releases.
WHY IT MATTERS
The trailing three releases averaged 0.93%, down from the prior three at 1.8%. Volatility over the past year (σ 1.56%) is lower than the prior year (σ 1.9%). In May readings over the past 3 years, Credit Card Spending YoY has averaged 0.93%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with NZD/JPY (Bearish NZD). Over the last 12 releases, the Sigmacast model's median absolute error is 1.69%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (Jun 16) and GDP Growth Rate QoQ (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update May 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 (Apr 2026): actual 2.9 %. Prior reading (Mar 2026): 2.1 %. Before that (Feb 2026): -1.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower 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 headwind in the current projection.