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

 

Retail Sales Growth Continues

Retail Sales Growth Continues

Seasonally adjusted total retail sales increased 1.6 percent in October 2003, compared with September 2003, according to Statistics New Zealand. This is the highest monthly increase since April 2002 and follows increases of 0.4 percent in September 2003 and 0.5 percent in August 2003. Seasonally adjusted sales for the core retailing group (which excludes the motor vehicle retailing and motor vehicle services storetypes) increased 1.8 percent in October 2003, compared with the previous month.

Twelve of the 15 storetypes recorded increases in seasonally adjusted sales in October 2003, compared with September 2003. The largest dollar value increase occurred in the food retailing storetype (up $36 million) and the recreational goods storetype (up $8 million). Of the three storetypes that recorded lower sales, the largest decrease occurred in the department stores storetype (down $1 million).

Five of the six regions recorded higher seasonally adjusted sales in October 2003, compared with September 2003. The Auckland region recorded the largest dollar value increase (up $35 million) while the Canterbury region was virtually unchanged. Seasonally adjusted sales for the Total North Island increased $58 million and the Total South Island recorded an increase of $8 million over the same period.

The trend continued its steady upward movement with an increase of 0.5 percent in October 2003, compared with September 2003. This is similar to the average monthly movement over the past five years.

Brian Pink

Government Statistician

END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Barfoot & Thompson: Auckland Rental Prices Inch Up Again, But Upward Trend Could Ease In Coming Months

Data from nearly 16,000 rental properties managed by real estate agency Barfoot & Thompson shows Auckland’s average weekly rent rose by $6.12 (or 1 percent) during the second quarter... More>>

ComCom: Draft Report Says Regulatory System Favours Established Building Products
The Commerce Commission’s draft report into competition in the residential building supplies industry has identified two main factors negatively impacting competition... More>>

Statistics: Annual Wage Inflation Rises To 3.4 Percent
Wage inflation, measured by the labour cost index (LCI), was 3.4 percent in the year ended June 2022, while average ordinary time hourly earnings rose 6.4 percent, Stats NZ said today... More>>

ALSO:



Heartland: Retirees Facing Pressure From Higher Cost Of Living And Increasing Debt In Retirement

Heartland has seen a significant increase in Reverse Mortgages being used to repay debt. Among the most affected by the increasing living costs are retirees, many of whom are trying to get by on NZ Super alone... More>>


APEC: Region’s Growth To Slow Amid Uncertainties And Crises
Economic growth in the APEC region is expected to slow this year amid soaring inflation, a protracted war in Ukraine and heightened uncertainties, on top of the continuing impact of the pandemic and virus mutations that are draining resources, according to a new report by the APEC Policy Support Unit... More>>


Financial Markets Authority: Survey Sheds Light On New Zealanders’ Experiences With Financial Sector
Most New Zealanders are confident in their ability to make financial decisions, but only one-fifth say they are in a secure financial position... More>>