BNZ’s Online Retail Sales January 2017
Please find attached the latest BNZ and Marketview monthly report on New Zealand’s Online Retail Sales.
• Total online retail spending by New Zealanders in January was up 16% compared to the previous January.
• The annual spend level, across the retail categories we monitor, is now estimated to be $3.8 billion (excl GST).
o This is equivalent to 7.4% of total retail sales for the same period, as reported in Statistics New Zealand’s RTS (comparing like-for-like categories).
o Excluding the food and liquor sectors from both the RTS and our Index, we estimate online spending is equivalent to around 10.8% of retail sales.
• Purchases from offshore online retailers were up 15% on the previous January.
• Spending at local sites was up 17% on January last year.