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


Retail Sales Virtually Unchanged

Retail Trade Survey: October 2000

Seasonally adjusted retail sales for October 2000 remain virtually unchanged, according to Statistics New Zealand. Seasonally adjusted sales are $3,690 million, a decline of just 0.1 per cent when compared to September 2000. In the core retailing group (excluding the motor vehicle services and retailing storetypes), seasonally adjusted sales declined by 0.3 per cent.

Despite the flat October result the underlying sales trend has increased 14.2 per cent since June 1998. The increase follows a plateau that ran between 1996 and June 1998.

Eight of the 15 storetypes recorded higher seasonally adjusted sales this month. Clothing and softgoods recorded the largest decline.

Seasonally adjusted sales for appliance retailing declined slightly in October 2000 compared to September 2000. This follows a buoyant September quarter which respondents attributed to inflation expectations and sales promotions.



© Scoop Media

Business Headlines | Sci-Tech Headlines


OECD On NZ: NZ's Living Standards Framework Positive But Has Gaps

Treasury’s living standards framework reflects good practice internationally but has some data gaps, including in areas where New Zealand fares poorly, the Organisation for Economic Cooperation and Development says. More>>


RBNZ Act Review: Govt Plans Deposit Guarantee Scheme

The Coalition Government today announced moves to make New Zealand’s banking system safer for customers through a new deposit protection regime, and work to strengthen accountability for banks’ actions. More>>


Conduct Review Response: Banks Commit To Removing Sales Incentives

The FMA and Reserve Bank of New Zealand said today that all banks had committed to remove sales incentives from frontline staff and their managers. More>>

Consumer Report: Insurance Market Complaints And Uncertainty

Consumers are paying more than ever for insurance but they’re not getting a fair deal, Consumer NZ’s latest report on the industry shows. More>>


Workers “Blind-Sided”: Sanford Processing Restructure Plan

Up to 30 jobs – almost half Sanford’s Bluff workforce - could be lost if the proposal to move white-fish processing to Timaru goes ahead. More>>