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

 

NZ Online Retail Sales - August 2018

NZ Online Retail Sales - August 2018


HIGHLIGHTS

• New Zealand’s total online retail spending in August was 8% higher than in August last year.

• Annual online spending across the retail categories we cover* continues to track at approximately $4.4 billion (excl GST).

Spending at local online sites was up 9% compared to August last year. This is 4% ahead of the growth rate for spending at traditional stores1. Food was again a strong category, with a solid showing from Grocery stores offsetting a softening in online sales in the “Other Specialised Food” category.

Online spending at international merchants was up 7% compared to August last year. The NZD continues to track softer than a year ago (e.g. down 9% vs the USD), making overseas goods more expensive for Kiwi’s. This is not proving much of a deterrent in some areas though, with purchases from overseas Computer stores up 20% on last August and Entertainment Media sales up 40%. At the weaker end, purchases of Electrical goods, Books and Sporting gear from overseas sites were all softer than in August last year. The Clothing category managed to nudge a 2% rise on last year’s level of purchases from offshore sites.

NZ_Online_Retail_Sales_in_August_2018_2018927_FINAL.pdf



© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Up 17.% In June Year: Fuel And Rent Drive Inflation

The consumers price index (CPI) rose 0.6 percent in the June 2019 quarter, due to higher prices for petrol and rent, Stats NZ said today. More>>

ALSO:

Services: Softer June Points To Economic Slowdown

Activity in New Zealand's services sector softened in June, adding to a picture of lacklustre economic growth. The BNZ-BusinessNZ performance of services index fell 0.8 of a point in June from May to a seasonally adjusted 52.7. More>>

ALSO:

Incomings: Migration Remains High

Annual net migration was provisionally estimated at 50,200 (± 800) in the year ended December 2018 compared with 52,600 in the previous year, Stats NZ said. More>>

ALSO:

BusinessDesk: ComCom Files High Court Proceedings Against Westpac

The commission alleges the bank breached the Credit Contracts and Consumer Finance Act 2003 by failing to provide key information it was required to give customers under the law. More>>