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


Retail sales growth continues

Retail Trade Survey: June 2000 quarter

Retail sales increased by 1 per cent in the June 2000 quarter according to figures released by Statistics New Zealand. Growth in the underlying sales trend has continued but eased in the first half of 2000, after a strong increase in the latter half of 1999.

Major contributions to the result this quarter came from food retailing and motor vehicle services, with a decline in sales of motor vehicles partially off-setting the increase. Increases in the core retailing group, excluding motor vehicle storetypes, provided about 90 per cent of the growth in the June quarter. In contrast, this group provided only 16 per cent of the growth in the March quarter.

When the June quarter price rise of 0.6 per cent is removed, the volume of retail sales rose by 0.4 per cent. Not surprisingly, as a result of petrol price increases motor vehicle services had the largest price increase this quarter. Notwithstanding the price rise, the volume of sales in this storetype also increased over the same period.

Despite increased sales in the month of May, motor vehicle retailing in the June quarter declined by 3.6 per cent, with seasonal variations removed. This reflects a fall in both price and volume. The number of passenger vehicles imported has been falling since the September 1999 quarter. However, stock levels held by motor vehicle retailers remain high, 10.8 per cent above the same time a year ago.

Ian Ewing

© Scoop Media

Business Headlines | Sci-Tech Headlines


Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>


9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>


Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>