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

 


Christchurch retail activity lifts again

Christchurch retail activity lifts again – Media release

Christchurch retail activity has risen strongly for a second consecutive quarter, Statistics New Zealand said today.

For Christchurch city, after seasonal fluctuations are removed, total retail activity increased 2.1 percent in the September 2012 quarter. This follows another healthy rise of 2.5 percent in the June 2012 quarter.

This quarter’s strong increase in Christchurch compares with a 0.8 percent fall at the national level (see Retail Trade Survey: September 2012 quarter).

The Christchurch increase was the result of strong rises in both retail trade, and accommodation and food services, up 1.6 percent and 4.8 percent, respectively.

“Christchurch’s sales growth fell behind the rest of the country after the quakes began,” industry and labour statistics manager Tehseen Islam said. “But strong rises in the past two quarters, coupled with this quarter’s decrease in national retail figures, has helped to narrow that gap.”

Since the June 2010 quarter, before the earthquakes began, Christchurch’s total retail activity has risen 6.8 percent, compared with the national increase of 8.0 percent.

The Christchurch retail trade indicator is an experimental series. It is released by Statistics NZ to provide information on the state of the Christchurch retail trade industry after the Canterbury earthquakes that began in September 2010. Because the statistics reflect new methods that may be modified, they are released on a provisional basis.

ENDS

Visit Christchurch Retail Trade Indicator: September 2012 quarter

HOT OFF THE PRESS (.PDF Version - Scoop Copy)

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news