New Zealand Retail Q4 2015

New Zealand

New Zealand: Q4 retail sales moderate

February 16, 2016

Retail sales expanded a seasonally-adjusted 1.2% in Q4 over the previous quarter. The reading was below the 1.5% rise tallied in Q3. The figure undershot market expectations of a stronger 1.4% expansion.

According to the statistical institute, 6 out of 15 retail industries registered softer sales volumes in Q4 than in the previous quarter. In particular, motor vehicles and electronic goods suffered the most significant deteriorations.

Compared to the same period last year, retail sales inched down from a 5.7% increase in Q3 to a 5.3% expansion in Q4.

FocusEconomics Consensus forecast participants expect private consumption to expand 3.1% in 2016, which is unchanged from last month’s projection. For 2017, the panel sees private consumption increasing 2.5%.


Author:, Economist

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New Zealand Retail Q4 2015

Note: Quarter-on-quarter seasonally adjusted and annual variation of retail sales in %.
Source: Statistics New Zealand and FocusEconomics calculations.


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