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

 


Core Retail Sales Down, Vehicles Up

Retail Trade Survey: August 2005

14 October 2005

Core Retail Sales Down, Vehicles Up

Seasonally adjusted total retail sales increased 0.2 percent in August 2005, Statistics New Zealand said today. Sales for the core retailing group (which excludes vehicle-related industries) decreased 1.4 percent. Motor vehicle retailing and automotive fuel recorded the largest increases this month, while the hospitality industries recorded the largest decrease.

The motor vehicle industry recorded a seasonally adjusted increase of 6.7 percent in August 2005, the fourth largest increase recorded since the series began. Despite this month's seasonally adjusted increase, the underlying sales trend has slowed in the last six months, following a period of steady growth from 2002 to 2004. Seasonally adjusted sales recorded decreases in March, May and June 2005.

Seasonally adjusted automotive fuel sales increased 2.9 percent in August 2005, the sixth consecutive monthly increase. The underlying sales trend over the year to August has grown three times faster than the trend for total retail sales. Quarterly retail trade deflators show fuel retailing prices have risen every quarter since December 2003.

The hospitality industries (accommodation, bars and clubs, and cafes and restaurants) recorded a seasonally adjusted sales decrease in August 2005, returning to pre-July levels. Increases in the seasonally adjusted series for July coincided with the British and Irish Lions rugby tour of New Zealand.

The underlying sales trend for the retail sector has continued to increase. On a regional basis, the Remainder of the North Island and Canterbury regions showed the strongest growth over the year ended August 2005.

Brian Pink

Government Statistician

ENDS

© 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>>

ALSO:

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>>

Earlier:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news