Retail Sales in New Zealand

New Zealand Retail Sales | Economic News & Forecasts

New Zealand - Retail Sales

Retail sales in Q3 eases from Q2’s almost-ten-year high

Retail sales expanded a seasonally-adjusted 0.9% in Q3 2016 over the previous quarter, marking a slowdown from Q2’s almost ten-year high. The reading came in below the revised 2.2% increase registered in Q2 2016 (previously reported: +2.3% quarter-on-quarter) and matched analysts’ expectations of a 0.9% increase.

According to Statistics New Zealand, Q3’s slowdown was the result of slower growth in 11 of the 15 categories that compose the index. Non-store and commission-based retailing and clothing, footwear, and accessories were the components that dropped the most. Conversely, accommodation and motor vehicles and parts were the two categories that expanded the most in the third quarter.

Compared to the same quarter last year, retail sales slowed from a 6.0% increase in Q2 to a 5.1% expansion in Q3.

FocusEconomics Consensus forecast participants expect private consumption to expand 3.1% in 2017, which is unchanged from last month’s projection. For 2018, the panel sees private consumption increasing 2.7%.

New Zealand - Retail Sales Data

2014   2015   2016   2017   2018  
Retail Sales (annual variation in %)4.5  5.9  5.3  5.3  3.1  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


New Zealand Retail Sales Chart

New Zealand Retail
Note: Annual variation of real retail sales in %.
Source: Statistics New Zealand and FocusEconomics calculations.

New Zealand Facts

Value Change Date
Bond Yield1.671.20 %Dec 30
Exchange Rate0.67-1.69 %Jan 01

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

  • New Zealand: RBNZ on hold in February

    February 12, 2020

    On 12 February, the Reserve Bank of New Zealand (RBNZ) kept the official cash rate (OCR) unchanged.

    Read more

  • New Zealand: Unemployment rate unexpectedly dips in Q4

    February 5, 2020

    The seasonally-adjusted unemployment rate slip to 4.0% in Q4 from a revised 4.1% the previous quarter (previously reported: 4.2%).

    Read more

  • New Zealand: Consumers start 2020 on a positive note

    February 5, 2020

    The ANZ-Roy Morgan consumer confidence indicator dipped to 122.7 in January from December’s almost two-year high of 123.3, remaining comfortably above the 100-threshold that separates optimism from pessimism among consumers. Consumers had a worse assessment about their current financial situation compared to one year ago and their five-year general economic outlook was somewhat less upbeat.

    Read more

  • New Zealand: Inflation accelerates in Q4

    January 24, 2020

    Consumer prices increased 0.5% in Q4 2019 over the previous quarter, down slightly from Q3’s 0.7% rise but beating analysts’ expectations of a 0.4% increase, according to Statistics New Zealand.

    Read more

  • New Zealand: Consumers close 2019 on a high note

    December 20, 2019

    The ANZ-Roy Morgan consumer confidence indicator rose to 123.3 in December (November: 120.7), moving further above the 100-threshold that separates optimism from pessimism among consumers and printing the best result since March 2018. Consumers grew more optimistic about their future personal finances and they had better assessments about their current financial situation compared to one year ago.

    Read more

Search form