Consumers lift spending on credit, debit cards

The value of electronic transactions rose 0.5% from the previous month to $4.8 billion, according to Statistics New Zealand. Excluding fuel and auto-related spending, the value of transactions rose 1%.

There were 90 million card transactions in October, according to the report.

The NZSE Consumer Index, which tracks prices of retailers and other consumer-related companies, fell 0.9% today and is down 41% in the past 12 months, making it the second worst performing sector on the NZX after building materials and construction.

By Jonathan Underhill

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

MCY - Executive leadership team changes
November 12th Morning Report
GTK - FY26 Investor Briefing Details
ERD - HY27 Financial Results Briefing Details - Amended
SEK - Forsyth Barr Initiates Coverage on Seeka
PHL - HY27 results: first dividend and upgraded guidance
PYS - PaySauce to announce F27 interim results on 26 Nov 2026
ERD - HY27 Financial Results Briefing Details
RAD - Radius Health Profit up 27%; Increased Dividend
CHI - Channel presentation to the UBS Australasia Conference 2026