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NZ Online Retail Sales: Monthly update for June 2015
NZ Online Retail Sales: Monthly update for June 2015
Total online retail spending in June was up 19% compared to June 2014 levels, with double-digit annual growth in purchases at both local and international sites.
Spending at international sites followed a strong May with an even stronger June, with spending up 29% on June last year. The New Zealand dollar was particularly weak compared to the same month a year ago - down 19% against the US dollar and 12% against the UK pound. This is making overseas goods more expensive, (which partly contributes to the higher spending figure), but underlying volumes are continuing to rise regardless.
Online spending at local merchants in June was up 12% on the levels a year earlier – stronger than the recent trend and outpacing the growth in spending at physical stores (c.6%, based on electronic card transactions).
Read the full report here
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