• The total volume of New Zealand retail sales rose 0.1 percent q/q

Market news

21 May 2018

The total volume of New Zealand retail sales rose 0.1 percent q/q

  • Industry movements were divided, with 7 showing higher sales volumes and 8 showing lower sales volumes.

  • Electrical and electronic goods had the largest dollar volume increase in this series, up 5.4 percent. Trends for the sales volume in this industry have been rising over the past 10 years; coincidently price changes in this industry have generally fallen over the same period.

  • Supermarket and grocery stores, plus pharmaceutical and other store-based industries, both recorded notable increases for the March 2018 quarter, up 1.0 percent and 2.7 percent, respectively.

  • Clothing, footwear, and accessories had the largest fall in the March 2018 quarter, down 5.0 percent, after a year of increased sales growth.

  • Fuel showed a 2.1 percent fall in sales volume when the effects of price changes are removed.

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