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

 


Retail Sales Decrease 0.3 Percent in April

Retail Sales Decrease 0.3 Percent in April

Seasonally adjusted total retail sales decreased 0.3 percent in April 2003 compared with March 2003, according to Statistics New Zealand. This follows a 0.9 percent decrease in March 2003.

Seasonally adjusted sales for the core retailing group (which excludes the motor vehicle retailing and motor vehicle services storetypes) fell by 0.7 percent in April 2003, compared with March 2003.

Nine of the 15 storetypes recorded lower seasonally adjusted sales in April 2003, compared with March 2003. The largest decreases occurred in the motor vehicle services (down $10 million) and recreational goods (down $7 million) storetypes. The largest increases occurred in the motor vehicle retailing (up $16 million) and food retailing (up $6 million) storetypes.

Most regions recorded lower seasonally adjusted sales in April 2003 compared with March 2003.

The Waikato and Rest of the North Island (which includes all areas outside the Auckland, Waikato and Wellington regions) were the only regions to show increases. Seasonally adjusted sales for the North Island region decreased $16 million, while the South Island region recorded a decrease of $5 million over the same period.

Total actual retail sales for April 2003 were $4,161 million – 3.0 percent higher than in April 2002.


Brian Pink
Government Statistician
END

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news