Retail Sales Indicator : June 2000

Retail Sales Indicator : June 2000

Retail Sales Indicator - June 2000

Seasonally adjusted retail sales for June are estimated at $3,587 million according to Statistics New Zealand's Retail Sales Indicator. This early estimate of retail sales suggests growth of 0.2 per cent on the May result. June sales, excluding the motor vehicle sales and servicing storetypes, were $2,552 million, a seasonally adjusted increase of 0.6 per cent on the corresponding May total.

The Retail Sales Indicator is derived from early responses to Statistics New Zealand's monthly Retail Trade Survey. For June, these responses contributed 72 per cent of the published value of the indicator. The other 28 per cent comprises sales estimates for retailers who had not responded by 20 June. These estimates are based on the sales of other similar sized retailers, in a similar activity and location.

Final retail sales statistics for June, including the usual detailed storetype analysis, will be released on Monday 7 August. This is a day later than originally advertised. Releases of the Retail Sales Indicator will generally be at 3pm on the 21st day of the month following the reference period or on the next business day should the date fall on a weekend or public holiday.

Ian Ewing

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