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

 

Strong quarter for retailers


Strong quarter for retailers – Media release

In December 2012, retail sales volumes had their strongest quarterly increase in six years, Statistics New Zealand said today.

After adjusting for seasonal effects, the volume of total retail sales rose 2.1 percent compared with the September 2012 quarter. The last time sales volumes rose as strongly was in the December 2006 quarter.

“Twelve of the 15 retail industries had higher sales volumes in the latest quarter,” business statistics manager Blair Cardno said.

The industries that led this quarter’s increase were:
• fuel retailing
• hardware, building, and garden supplies retailing
• motor vehicle and parts retailing.

“This is the second large increase in a row for the hardware, building, and garden supplies industry, which was again boosted by stronger-than-usual sales in Canterbury,” Mr Cardno said.

When price effects are included, the value of total retail sales rose 1.7 percent.

South Island sales values were up 1.9 percent in the December 2012 quarter, while sales values in the North Island rose 1.3 percent.

When we look at the longer-term picture, the trends for total sales volume and total sales value have been generally rising since low-points in 2009.

For more information about these statistics:
• Visit Retail Trade Survey: December 2012 quarter

• Open the attached files


http://img.scoop.co.nz/media/pdfs/1302/RetailTradeSurveyDec12qtr.pdf
http://img.scoop.co.nz/media/pdfs/1302/rtsdec12qtrtables.xls

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>

OECD: NZ Economic Expansion Faces Long Term Challenges

The OECD Economic Survey of New Zealand discusses the gap between the strong short-term outlook and long-term challenges posed by low productivity growth and a changing labour market. More>>

ALSO:

GDP: