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


Retail Trade Survey: February 2005

Retail Trade Survey: February 2005

14 April 2005

Retail Sales Continue Growth The total retail sales trend was up 0.6 percent in February 2005 from January 2005, Statistics New Zealand said today. The trend has maintained steady growth since May 1998, with an average monthly rise of 0.6 percent. The trends for the total North Island and total South Island increased 0.3 percent and 0.7 percent, respectively. All regions, except Auckland, recorded trend growth this month.

In 2004, Waitangi Day fell on a Friday, giving many New Zealanders a long weekend. Waitangi Day fell on a Sunday this year, so there was no extra weekday holiday. Auckland Anniversary fell on 31 January in 2005, whereas there are usually a few days between this long weekend and the beginning of February. These changes may have affected purchasing patterns. Sixteen of the 24 retail storetypes recorded higher seasonally adjusted sales in February 2005 compared with January 2005.

Motor vehicle retailing was up $35 million, the largest dollar value increase and 43 percent of the total monthly increase. This increase was partly offset by automotive fuel retailing, which recorded the largest decrease (down $14 million). Thirteen of the 24 storetypes recorded small changes ($3 million or less).

Seasonally adjusted total retail sales increased 1.7 percent in February 2005 compared with January 2005. Excluding the motor vehicle-related industries, seasonally adjusted retail sales were 1.6 percent higher in February 2005 than in the previous month. Total actual retail sales for February 2005 were $4,526 million, 7.0 percent higher than in February 2004.

Brian Pink

Government Statistician


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: 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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news