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

 

Broad-based decline in retail sales

Embargoed until 10:45am – 13 December 2007

Broad-based decline in retail sales

In October 2007, seasonally adjusted total retail sales fell 0.7 percent ($40 million), Statistics New Zealand said today. Sales fell for about two-thirds of the industries. This followed a rise in total sales of 1.0 percent ($54 million) in September 2007.

The industries that contributed the most to this month’s decrease were motor vehicle retailing, down 2.8 percent ($20 million), supermarket and grocery stores retailing, down 1.1 percent ($13 million), and appliance retailing, down 4.7 percent ($10 million).

The only notable increase recorded was for automotive fuel retailing, up 3.5 percent ($18 million).

The average monthly trend increase between May 2007 and October 2007 eased to 0.2 percent, compared with an average increase of 0.6 percent between May 2006 and April 2007.

Seasonally adjusted sales fell for all regions except for the Remainder of North Island (excluding Auckland, Waikato and Wellington), which rose 0.3 percent ($4 million).

Geoff Bascand

Government Statistician 13 December 2007

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>