New Zealand's credit card spending growth has experienced a notable slowdown in June 2025, according to the latest data released. The latest figures indicate that the growth rate has declined significantly to 0.9% compared to a year ago. This marks a stark contrast to the 2.0% growth rate recorded in May 2025.
The data, updated as of July 18, 2025, shows that the year-over-year growth comparison reveals a significant cooling in consumer expenditure via credit card usage, highlighting a shift in spending behavior within the country. Analysts are closely monitoring this trend, as consumer spending is a pivotal component of economic activity and can significantly impact overall growth prospects.
The current slowdown in credit card spending growth could be indicative of changing consumer confidence or a recalibration of household budgets, as economic conditions remain fluid. Stakeholders and policymakers will be keenly observing upcoming spending patterns to better understand the underlying causes and potential impacts on New Zealand's economy.
