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


21, 22, 23 December: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>


24/7: National Geohazards Monitoring Centre Opens

For the first time, New Zealand will have 24-7 “eyes on” monitoring of the four perils: earthquake, tsunami, landslides and volcanic activity. More>>


EU Wine Exports: Yealands Fined For "Unprecedented Offending"

Yealands Estate Wines has pleaded guilty to “unprecedented offending” under the Wine Act 2003 and has copped a $400,000 fine. More>>


Discussion Paper: Govt To Act On Unfair Commercial Practices

“I’ve heard about traders who have used aggressive tactics to sell products to vulnerable consumers, and businesses that were powerless to stop suppliers varying the terms of their contract, including price.” More>>


'Considering Options' On Tip Top Ownership: Fonterra Drops Forecast Milk Price

Fonterra Co-operative Group Limited today revised its 2018/19 forecast Farmgate Milk Price range from $6.25-$6.50 per kgMS to $6.00-$6.30 per kgMS and shared an update on its first quarter business performance. More>>