Christchurch retail spending dips after strong growth
Christchurch retail spending dips after strong growth – Media release
20 December 2013
Christchurch's retail and hospitality spending has dipped slightly in the September 2013 quarter, Statistics New Zealand said today. This decrease follows a period of strong growth over the five preceding quarters.
For Christchurch city, after seasonal fluctuations are removed, retail and hospitality sales decreased 0.4 percent in the September 2013 quarter. At the national level, sales rose 0.6 percent (see Retail Trade Survey: September 2013 quarter).
"Although Christchurch sales dipped slightly in the September quarter, it follows strong growth in the city over the past five quarters," industry and labour statistics manager Tehseen Islam said. "This has seen sales growth in Christchurch outpace growth at the national level."
Looking at the longer-term picture, the trend for retail and hospitality sales in Christchurch has risen 16 percent since the June 2010 quarter (before the quakes began), compared with a rise of 13 percent at the national level.
In actual terms, retail and hospitality sales in Christchurch were 7.2 percent higher in the September 2013 quarter compared with the same quarter in 2012.
The Christchurch retail trade indicator series is an experimental series which measures activity in the retail and hospitality industries. It is released by Statistics NZ to provide information on the state of these industries after the Canterbury earthquakes that began in September 2010. Because the statistics reflect new methods that may be modified, they are released on a provisional basis.