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Fuel Drives Retail Sales

Fuel Drives Retail Sales

Seasonally adjusted total retail sales increased 0.7 percent in November 2004, compared with October 2004, according to Statistics New Zealand. Automotive fuel retailing was up $21 million, the largest dollar value increase and 66 percent of the total monthly increase. It was followed by clothing and softgoods (up $8 million).

The monthly sales increases were partly offset by motor vehicle retailing, which recorded the largest decrease (down $26 million). Excluding the motor vehicle-related industries, seasonally adjusted retail sales increased 1.1 percent in November 2004, compared with October 2004.

On a regional basis, the retail sales trend for the total North Island increased 0.3 percent and for the total South Island it was up 0.4 percent in November 2004, compared with October 2004. The growth-rate of the trend for Auckland has been slowing over recent months. Total actual retail sales for November 2004 were $4,844 million, 9.6 percent higher than in November 2003.

Brian Pink

Government Statistician

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