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

 


Motor-vehicle industry drives retail spending rise

Motor-vehicle industry drives retail spending rise

14 August 2014

Retail spending has continued to rise in the June 2014 quarter, led by an increase in the motor-vehicle and parts retailing industry, Statistics New Zealand said today.

After adjusting for seasonal effects, the volume of total retail trade sales rose 1.2 percent in the June 2014 quarter. This follows a 0.8 percent rise in the previous quarter.

“The motor-vehicle and parts retailing industry has driven this quarter's increase in both sales volumes and values, recording their largest increases in two years,” business indicators manager Neil Kelly said.

Eleven of the 15 industries had higher sales volumes in June. The largest industry movements were:
• motor-vehicle and parts retailing, up 3.6 percent
• food and beverage services, up 2.7 percent
• fuel retailing, down 3.3 percent.

The volume of sales in the core retailing industries (which excludes the vehicle-related industries) rose 1.2 percent.

When the effect of price changes is included, the total value of retail sales rose 1.0 percent ($180 million), with sales rising in ten of the 15 retail industries. For the core retail industries, sales rose 1.3 percent ($180 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 $18.2 billion in the June 2014 quarter, up 3.8 percent compared with the June 2013 quarter.

For more information about these statistics: Visit Retail Trade Survey: June 2014 quarter

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Hurunui: Crown Irrigation Invests Up To $3.4m In North Canterbury

Crown Irrigation Investments will invest up to $3.4m in the Hurunui Water Project, an irrigation scheme that will be capable of irrigating up to 21,000 hectares on the south side of the Hurunui River in North Canterbury. More>>

ALSO:

Not So Great:Butterfly Eradication Success

The invasive pest great white butterfly has been eradicated from New Zealand in a world-first achievement, Primary Industries Minister Nathan Guy and Conservation Minister Maggie Barry say. More>>

Gordon Campbell: On The Government’s Tax Cuts Fixation

Long before the earthquake hit, the dodginess of the government tax cuts programnme was evident in the language of its packaging. It is being touted as a “tax cuts and family care” package... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news