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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Electronic Retail Card Spending MoM fell to -1.3% in April 2026
FMPMonthlyReleased May 2026
New Zealand Electronic Retail Card Spending MoM fell to -1.3% in April 2026, released May 2026, down 2.0% from March's 0.7% reading. The reading missed the 1.1% consensus by 2.4%. Electronic Retail Card Spending MoM has now declined for 3 consecutive months. Over the past 3 months, Electronic Retail Card Spending MoM averaged 1.05%, vs 0.05% in the prior 3-month window. Electronic Retail Card Spending MoM is now the lowest in 14 months.
Latest Release
-1.3
Actual
1.1
Consensus
0.7
Previous
Median Absolute Error
±0.45 percentage points
across last 12 releases
Last Call
Mar 2026
Predicted: -0.5
Actual: 1.4
Error: -1.9
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 |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.56 | CRYPTO | Bullish BTC | → View |
| AUD/NZD | ▼ Inverse | −0.52 | FOREX | Bearish AUD | → View |
| XAU/USD | ▼ Inverse | −0.39 | COMMODITIES | Bearish XAU | → View |
| NZD/JPY | ▼ Inverse | −0.38 | FOREX | Bearish NZD | → View |
| AUD/USD | ▼ Inverse | −0.36 | FOREX | Bearish AUD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The May 2026 reading fell from the previous value of 0.7. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.45. Historically, this indicator is positively correlated with BTC/USD (Bullish BTC) and negatively correlated with AUD/NZD (Bearish AUD).
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Electronic Retail Card Spending MoM - NZ
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