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flag New Zealand's card spending dipped in September 2025 due to weaker retail demand, though housing spending showed early recovery.

flag New Zealand's electronic card spending fell 0.4% in September 2025 to $9.1 billion, driven by declines in retail sectors including motor vehicles, durables, and consumables, while hospitality was the only category to grow. flag Despite a monthly drop, quarterly spending rose 0.6% as housing-related purchases showed early recovery. flag Transaction volumes fell year-on-year, reflecting higher prices rather than increased spending, with utilities and groceries remaining major budget pressures. flag Economists note cautious consumer behavior persists, though falling interest rates and upcoming holiday sales may support a rebound.

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