Christchurch retail spending continues to increase
Christchurch retail spending continues to increase –
26 September 2013
Christchurch's growth in retail and hospitality spending continues to outpace that at the national level, Statistics New Zealand said today.
For Christchurch city, after seasonal fluctuations are removed, retail and hospitality sales increased 2.4 percent in the June 2013 quarter. This is the fifth consecutive quarter of strong growth, and compares with a rise of 0.9 percent at the national level (see Retail Trade Survey: June 2013 quarter).
"Growth in Christchurch fell behind national figures after the quakes began,” industry and labour statistics manager Tehseen Islam said. “But with strong growth in the city over the past five quarters, Christchurch has pushed further ahead of national growth.”
When seasonal effects are removed, retail and hospitality sales in Christchurch have risen 16 percent since the June 2010 quarter (before the quakes began), compared with a rise of 12 percent at the national level.
The growth in Christchurch sales since the quakes
began was driven by:
• hardware, building, and garden supplies
• motor vehicle retailing
The Christchurch retail trade indicator series is an experimental series which measures activity in the retail and hospitality industries. It is released by Statistics NZ to provide information on the state of these industries 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.