Retail Sales in New Zealand
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 |
New Zealand Retail Sales Chart
Source: Statistics New Zealand and FocusEconomics calculations.
New Zealand Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.67 | 1.20 % | Dec 30 |
| Exchange Rate | 0.67 | -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.
Economic News
-
New Zealand: Coronavirus fears torpedoes business confidence in March
April 1, 2020
The ANZ bank business outlook indicator nosedived in March, hit by concerns over the outbreak of coronavirus.
-
New Zealand: Consumer confidence at over seven-year low amid pre-lockdown measures
March 27, 2020
The ANZ-Roy Morgan consumer confidence indicator plunged to 106.3 in March from February’s 122.1, hit by coronavirus fears and pre-lockdown measures.
-
New Zealand: Growth weakens in Q4 2019 on sustained destocking and cooling consumer spending
March 19, 2020
The economy expanded 0.5% in quarter-on-quarter seasonally-adjusted terms in the final quarter of 2019, below Q3’s revised 0.8% increase (previously reported: +0.7% quarter-on-quarter seasonally-adjusted).
-
New Zealand: Government approves record stimulus package to buttress economy against coronavirus blow
March 17, 2020
On 17 March, the government unveiled a NZD 12.1 billion stimulus package, including both tax cuts and additional spending in an effort to soften the economic impact of the coronavirus outbreak.
-
New Zealand: RBNZ rushes to support the economy at extraordinary meeting in March
March 16, 2020
On 15 March, at an extraordinary meeting, the Reserve Bank of New Zealand (RBNZ) decided to slash the official cash rate (OCR) from 1.00% to a new all-time low of 0.25% in order to shield the economy against the economic blow from coronavirus (Covid-19).
© Copyright: 2020. | New Zealand Retail Sales | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
