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


Retail Sales First Estimate - April 2000

Data Flash (New Zealand)
Retail Sales First Estimate - April 2000

Key points

Total retail sales are estimated to have risen 0.2% mom in April. Sales were 6.1% higher than a year earlier. Growth in April was held back by a fall in motor vehicle sales and services. Once these storetypes are excluded, retail sales increased by a surprisingly robust 0.8% mom and by 5.2% yoy.


The provisional rise in sales appears a slightly more positive result than had been suggested by some spending indicators. Our expectation had been for a fall in total sales of around 0.5%-1.0%. However, the first estimate is subject to revision. Statistics NZ suggest that the final estimate of growth - due 2 June - could differ from that published earlier by up to +/- 0.5 percentage points.

Taking the April estimate at face value and allowing for inflation, growth in real consumer spending appears relatively sluggish. We expect a sharp decline in construction activity over coming months. This will have a negative impact on spending on durable goods in particular.

Darren Gibbs, Senior Economist

This, along with an extensive range of other publications, is available on our web site

In order to read our research you will require the Adobe Acrobat Reader which can be obtained from their website for free.

For answers to your EMU questions, check Deutsche Bank's EMU web site or email our helpline

© Scoop Media

Business Headlines | Sci-Tech Headlines


"Broad-Based Growth": GDP Rises 1 Percent In June Quarter

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. More>>


Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>


Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>