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

 

Retail Sales Growth Stable

Statistics New Zealand's retail trade figures for July 1999 show growth has stabilised in recent months. After growing strongly in the second half of 1998 retail sales are now increasing at a slower but steady rate. Between July 1998 and January 1999 sales increased by 2.5 per cent but since the beginning of this year they have only increased 1.6 per cent.

Despite the positive trend, seasonally adjusted sales show a marginal decrease in July. However, this result should be treated with some caution. Allowing for a trading pattern (caused by the variation in the number of week and weekend days in a month) analysis suggests activity between June and July would have recorded a slight increase. School holidays fell entirely in July in 1998 but began on June 26 this year. This appears to have had little influence on trading in the traditionally affected areas, such as accommodation, hotels and liquor; and cafes, restaurants and takeaways storetypes. Seasonally adjusted sales increased in both these storetypes, with the increase in the accommodation, hotels and liquor storetype being the largest this month. Growth in tourism numbers and heavy snowfalls during July may have contributed toward the improved result.

The increase in seasonally adjusted sales in the motor vehicle services storetype, reflects petrol price rises which occurred during July. The food retailing storetype also increased this month in line with the 0.5 per cent rise in the Food Price Index.


ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO: