FX.co ★ New Zealand Experiences Unexpected Drop in Credit Card Spending in December

New Zealand's credit card spending experienced a surprising dip this past December, with year-over-year figures showing a decline of 0.3%, as reported on January 27, 2026. This marks a significant deviation from the previous month's growth rate, which stood at an increase of 4.4% compared to November of the previous year.

The December downturn suggests a shift in consumer behavior during what is typically a busy shopping period, raising concerns among economists and retailers alike. Analysts speculate that various factors, such as inflationary pressures, rising interest rates, or shifts in consumer priorities, may have contributed to this unexpected drop-off.

While New Zealand's broader economic indicators remain stable, the drop in credit card spending could signal an evolving trend, urging stakeholders to analyze the underlying causes and develop strategies to stimulate consumer confidence as the new year unfolds.