Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Retail Sales Indicator - March 2000 Statistics

Retail Sales Indicator: March 2000

New Zealand today released the first in a series of new early estimates of retail sales; the Retail Sales Indicator. The indicator estimates seasonally adjusted total sales for March at $3,554 million. This suggests a growth of 0.2 per cent on February's result. March sales, excluding the motor vehicle sales and servicing storetypes, were $2,534 million, a seasonally adjusted increase of 0.6 per cent on the corresponding February total.

The Retail Sales Indicator is derived from early responses to Statistics New Zealand's monthly Retail Trade Survey. For the March quarter these responses contributed 73 per cent of the published value of the indicator. Estimates of sales were imputed for firms that had not responded by 20 April, based on the sales of other similar sized retailers in a similar activity and location.

Final retail sales statistics for March including the usual detailed storetype analysis will be released on 9 May.

Retail sales are an important component of total economic activity. The Retail Sales Indicator is being released as an experimental series to allow users to assess its value as a more timely measure of this activity. Releases of the Retail Sales Indicator will generally be at 3pm on the 21st day of the month following the reference period or on the next business day should the date fall on a weekend or public holiday.

Statistics New Zealand is seeking feedback on the methodology used to produce these estimates and their value as an early indicator of retail activity. A technical document describing the methodology and reliability of the indicator is available on request, or by visiting the Statistics New Zealand website: www.stats.govt.nz.

Ian Ewing
DEPUTY GOVERNMENT STATISTICIAN

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news