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


NZ Online Retail Sales 27/7/14

NZ Online Retail Sales: Monthly update and a look at how exchange rate moves are affecting the numbers

In addition to the latest figures, the feature analysis this month takes a look exchange rate effects, which are masking some of the underlying strength in purchases from overseas online sites.


Slowing growth in online retail sales – again

• Total online spending in June 2014 was up 5% on June last year.

• Spending at domestic online sites is up by 2% on the online spending in June last year. Excluding the “daily sales” sector, domestic online sales are up 6% on June last year.

• Online purchases from offshore merchants are 9% higher than June 2013.

• It appears that appreciation in the NZD is masking some of the underlying strength in purchases from overseas online sites. The growth in transaction volumes for offshore purchases has clearly outpaced the growth in spending, particularly over the past year. Offshore transaction volumes (excluding entertainment media) for the 3 months ended June 2014 are up 24% on the same period a year ago.

BNZ Online Retail Sales Index - BNZ

© Scoop Media

Business Headlines | Sci-Tech Headlines


Land & Water Forum: Fourth Report On Water Management

The Land and Water Forum (LWF) today published its fourth report, outlining 60 new consensus recommendations for how New Zealand should improve its management of fresh water and calling on the Government to urgently adopt all of its recommendations from earlier reports. More>>



Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news