No change in October retail sales

Embargoed until 10:45am – 14 December 2009
No change in October retail sales

Seasonally adjusted total retail sales were flat in October 2009, Statistics New Zealand said today. This followed a 0.3 percent increase in the previous month. In the latest month, a 0.5 percent ($23 million) increase in core retailing was partly offset by a 1.5 percent ($21 million) decrease in the four vehiclerelated industries.

The rise in core retailing included an $11 million increase across the food-related industries. "This was driven by a strong increase in cafes and restaurants," business statistics manager Louise Holmes-Oliver said, "that was only partly offset by decreases in the other food industries".

Other notable movements in core retail were:

* accommodation (up 4.2 percent or $9 million)

* department stores (up 2.2 percent or $7 million)

* clothing and softgoods retailing (down 6.7 percent or $16 million).

The total retail sales trend has been rising since February 2009 (up 1.9 percent), following a 13-month period of decline. However, the rate of increase appears to have eased slightly in the latest months.

By region, sales were flat in Wellington and Auckland, up in the 'remainder of the North Island' and Canterbury, and slightly down in the 'remainder of the South Island' and Waikato. The trend for the North Island has been rising at an average of 0.3 percent per month since February 2009, while the South Island sales trend has shown little change for the last two years.

Retail Trade Survey Oct09 (pdf)

Retail Trade Survey Oct09 – tables (xls)

ENDS

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