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

 


NZ Online Retail Sales: Rural v Urban Spending

Please find attached BNZ’s latest report on the NZ Online Retail Sales.

In addition to the latest figures, the feature analysis this month takes a look at trends in online retail spending by Rural and Urban New Zealanders.

HIGHLIGHTS

MONTHLY UPDATE

Total online spending in May 2014 was up 7% on May last year.

• Growth continues to ease – the underlying trend has now been fairly flat since February 2014.

• Online spending at domestic online sites is up 4.6% on May last year. This is slower that the 5.6% growth rate in Statistics NZ’s Electronic Card Transactions figures (if we count similar industries), which predominantly includes physical stores.

• Online spending by New Zealanders at offshore retailers is 11% higher than May 2013.

RURAL / URBAN RESIDENTS

• Total online retail spending by rural New Zealanders has grown 20% over the 12 months to 31 March 2014, outpacing the 14% growth rate for urban residents.

• The growth in online retail shopping has been especially strong for rural kiwis buying from international retailers, where spending has increased 27% over the year to March 2014.

• Rural residents do more of their online shopping at domestic merchants than urban shoppers do. 67% of online retail spending by rural kiwis has been at domestic merchants’ websites. For urban shoppers, 61% of their online retail spending has been at domestic sites.

OTHER

We also include a brief summary of key differences between our online retail measure and the measure Nielsen use in their annual survey report.

BNZ_Online_Retail_Report_20140702_final.pdf

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Agreements: TPP Minus US Starting To Gain Ground

The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after the election of president Donald Trump. More>>

ALSO:

PACER:

Prices Up 2.2%: Annual Inflation Highest In Over Five Years

"Rising petrol prices along with the annual rise in cigarette and tobacco tax lifted inflation," prices senior manager Jason Attewell said. "Petrol prices in New Zealand are closely linked to global oil prices, and cigarettes and tobacco taxes rise in the March quarter each year". More>>

ALSO:

Undertaxed? NZ Income Tax Rate Second Lowest Among Developed Nations

New Zealand workers pay the second smallest portion of their income to the government among developed nations and less than half the average ratio of their Organisation for Economic Cooperation and Development peers. More>>

ALSO:

Cyclone Cook: Round Up Of This Week’s Weather

One of the significant impacts this week was flooding due to excessive rainfall amounts. Rainfall amounts topped out at 350mm over the past 60 hours in parts of northwest Nelson, with 200mm+ measurements recorded about Coromandel Peninsula, and between 150-200mm in the Kaimai Ranges. Rainfall amounts of between 30-50mm were commonplace elsewhere. More>>

ALSO:

Earlier: Batten Down The Hatches For Cyclone Cook

Although fast-moving, Cyclone Cook will be destructive and MetService Expert Meteorologists have issued Severe Wind Warnings for the whole of the North Island apart from Northland... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news