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

 

Motor vehicles pull down retail sales

Embargoed until 10:45am – 14 July 2008

Motor vehicles pull down retail sales

Seasonally adjusted total retail sales fell 1.2 percent ($69 million) in May 2008, following a 1.2 percent rise in April 2008, Statistics New Zealand said today. The decrease was led by the motor vehicle retailing industry (which has a strong influence on the total sales movement due to its large size and volatility), down 14.8 percent ($102 million). However, core retail sales (which excludes the vehicle-related industries) rose 0.7 percent ($27 million).

Following the motor vehicle retailing fall was furniture and floor coverings, down 15.6 percent ($21 million) in May 2008 after a rise of 8.4 percent in April 2008.

Of the industries that had the largest sales increases, supermarket and grocery stores rose 3.0 percent ($35 million), followed by automotive fuel retailing, up 3.2 percent ($19 million).

Fourteen of the 24 industries had modest sales movements, not increasing or decreasing more than $3 million.

The total retail sales trend has flattened since December 2007.

Among the regions, the largest decrease in May 2008 was recorded for Canterbury, down 3.5 percent ($26 million); followed by Auckland, down 1.4 percent ($24 million); and the Waikato, down 2.8 percent ($14 million).

Geoff Bascand
Government Statistician
14 July 2008

ENDS

There is a companion Hot Off The Press information release published – Retail Trade Survey: May 2008 [PDF].

rtsmay08alltables2.xls

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: