FX.co ★ New Zealand Credit Card Spending Growth Cools to 3.1% in June

New Zealand’s credit card spending growth slowed in June 2026, with the annual pace easing to 3.1% year-over-year from 4.2% previously. The latest data, updated on 22 July 2026, indicate a moderation in consumer spending momentum compared with earlier in the year.

The figures compare the change in June 2026 credit card spending to June 2025, while the prior 4.2% reading reflected the change in the previous month relative to the same month a year earlier. The deceleration suggests households may be becoming more cautious in their use of credit, potentially reflecting shifting consumer confidence or changing financial conditions. Investors and policymakers will be watching upcoming data to assess whether this softer growth in card spending becomes a more persistent trend.