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

 

Quarterly Sales Buoyed by Core Retailing

Embargoed until 10:45am – 15 November 2006

Quarterly Sales Buoyed by Core Retailing

Seasonally adjusted total retail sales increased 1.0 percent in the September 2006 quarter, Statistics New Zealand said today. This quarter’s increase was buoyed by a 1.8 percent increase for the core retailing group (which excludes vehicle-related sales). Overall, vehicle-related sales declined 0.9 percent.

The rise in core retail sales came from across-the-board increases in the food and beverage-related industries, which account for almost half of core retail sales. Sales for six of these industries were boosted by larger than usual price increases this quarter. The two largest sales increases for the core retailing group were in supermarket and grocery stores, and cafes and restaurants.

Vehicle-related sales were down 0.9 percent in the September 2006 quarter, as both motor vehicle and automotive fuel retailing recorded decreases. In each case, the decrease was almost entirely price driven.

Prices fell for each of these industries, while motor vehicle retailing volumes increased, and automotive fuel retailing volumes remained constant.

The total retail sales trend has shown signs of easing over the past year, with smaller quarterly increases recorded since September 2005. The decline in motor vehicle sales has been a contributing factor in the easing of this trend.

Brian Pink
Government Statistician

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>

ALSO:

Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>

ALSO:

Economy: Supply Chain On Brink Of Overload Says National Road Carriers

The New Zealand supply chain is on the brink of overload and it looks like the upcoming peak imports season may push it over the edge says National Road Carriers Association (NRC) CEO David Aitken. “Worldwide supply chains are in disarray,” says Mr Aitken. ... More>>

Stats NZ: Annual Goods Trade Surplus At 28-Year High

New Zealand’s annual goods trade surplus reached a 28-year high of $2.2 billion as imports tumbled in the year ended October 2020, Stats NZ said today. “This is the largest annual surplus since the July 1992 year, driven mainly by much lower ... More>>

ComCom: How Real Is That Bargain?

The Commerce Commission urges retailers and consumers to think hard about the bargains being offered as ‘Black Friday’ and Christmas draw near. Black Friday has now overtaken Boxing Day in terms of retail spending, according to data from electronic ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO:


Forest & Bird: Kākāpō Wins Bird Of The Year 2020

The nation has voted and Aotearoa New Zealand has a new Bird of the Year. New Zealand’s moss-colored flightless parrot has climbed to the top-spot for the second time in Forest & Bird’s annual Te Manu Rongonui o Te Tau/Bird of the Year competition. ... More>>