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

 

Retail Sales Trend Flattens

Retail Trade Survey: February 2001

Retail sales, when adjusted for seasonal variations, increased by 0.9 per cent in February 2001 compared with January 2001, according to Statistics New Zealand. This follows a fall in January 2001 compared with December 2000. Despite this monthly volatility the underlying sales trend appears to have flattened over the past few months, increasing by 1.0 per cent since October 2000. This compares with a relatively sharper increase of 2.1 per cent in the previous four months, from June to October 2000.

Increases this month are broadly based, with 11 of the 15 storetypes recording a rise in seasonally adjusted sales when compared with January 2001. The food retailing storetype made the most significant contribution to the overall $33 million increase in February when compared with January 2001, followed by the motor vehicle services and the recreational goods storetypes.

Seasonally adjusted retail sales for the core retailing group (excluding the motor vehicle storetypes) increased by $25 million (up 0.9 per cent) in February when compared with January 2001.

All six regions recorded annual growth in the trend series. The largest increases were recorded in the Waikato and South Island regions excluding Canterbury, which increased by 9.4 and 8.2 per cent, respectively, since February 2000. Auckland increased by 3.4 per cent, Wellington by 3.7 per cent and Canterbury by 6.0 per cent over the same period.

Ian Ewing DEPUTY GOVERNMENT STATISTICIAN

END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>

ALSO:

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>