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Retail Trade Sales Increase Again

Retail Trade Sales Increase Again

Seasonally adjusted total retail sales increased 0.9 percent in February 2003 compared with January 2003, according to Statistics New Zealand. This follows a 1.0 percent increase in January 2003. Seasonally adjusted sales for the core retailing group (which excludes the motor vehicle retailing and motor vehicle services storetypes) increased by 1.7 percent in February 2003, compared with January 2003.

Eight out of the 15 storetypes recorded higher seasonally adjusted sales in February 2003, compared with January 2003. The largest increases occurred in the accommodation, hotels and liquor (up $40.1 million) and motor vehicle services (up $19.8 million) storetypes. The largest decrease occurred in the motor vehicle retailing storetype (down $35.1 million).

Regional growth this month was confined to the North Island, with all of the regions in this category recording higher seasonally adjusted sales, compared with January 2003. Seasonally adjusted sales for the South Island region decreased $5.7 million over the same period.

Total actual retail sales for February 2003 were $4,049.1 million – 6.3 percent higher than in February 2002.

Brian Pink

Government Statistician

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