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


Fuel and Supermarkets Boost Quarterly Sales

14 August 2006

Fuel and Supermarkets Boost Quarterly Sales

Seasonally adjusted total retail sales increased 0.9 percent in the June 2006 quarter compared with the March 2006 quarter, Statistics New Zealand said today. This result was driven by increases in the automotive fuel retailing (up 8.7 percent) and supermarket and grocery stores (up 2.9 percent) industries. Automotive fuel recorded the largest seasonally adjusted sales increase since the beginning of the series.

This increase, however, was mainly due to price increases.

The largest decrease in sales came from the motor vehicle retailing industry. No other industries recorded dollar-value changes greater than $15 million in the June 2006 quarter.

With price effects removed, total retail sales decreased 0.5 percent in the June 2006 quarter. The largest volume increase came from the supermarket and grocery stores industry, with the motor vehicle and fuel retailing industries recording the largest decreases for the quarter.

The total sales trend has shown indications of easing in recent quarters, with the average quarterly increase reducing to 0.8 percent since the September 2005 quarter, compared to an average quarterly increase of 1.5 percent between the June 1998 and September 2005 quarters.

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