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

 


Retail spending lifts in December

Retail spending lifts in December

17 February 2014

Retail spending has continued to rise in the December 2013 quarter, Statistics New Zealand said today.

After adjusting for seasonal effects, the volume of total retail trade sales rose 1.2 percent in the December 2013 quarter. This follows a 0.2 percent rise in the previous quarter.

“Nine of the 15 retail industries had higher sales volumes in this latest quarter,” industry and labour statistics manager Blair Cardno said.

The industries with the largest increases in December were:
• fuel retailing, up 5.7 percent
• clothing, footwear, and accessories retailing, up 9.9 percent
• recreational goods retailing, up 8.6 percent.

The volume of sales in the core retailing industries (which excludes the vehicle-related industries) rose 0.7 percent.

When the effect of price changes is included, the total value of retail sales rose 1.2 percent ($221 million), with sales rising in 11 of the 15 retail industries. For the core retail industries, sales rose 1.0 percent ($143 million).

Looking at the longer-term picture, the trends for both total retail sales volumes and values have generally been rising since mid-2009.

In actual terms the value of total retail sales was $19.9 billion in the December 2013 quarter, up 3.9 percent compared with the same quarter in 2012.

For more information about these statistics:

• Visit Retail Trade Survey: December 2013 quarter


ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news