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

 

Retail sales volumes boosted by record motor-vehicle Sales

Retail sales volumes boosted by record motor-vehicle Sales

Embargoed until 10:45am – 14 August 2012

The volume of retail sales rose a seasonally adjusted 1.3 percent in the June 2012 quarter, Statistics New Zealand said today.

“Although most industries had higher sales volumes th is quarter, the increase was dominated by a record increase in motor-vehicle and parts retailing,” industry and labour statistics manager Blair Cardno said.

“The only significant decrease was a drop in fuel volumes.” With the two vehicle-related industries excluded, the volume of core retail sales rose 0.9 percent. Increases in pharmaceutical and other store-based retailing, and food and beverage services, led this rise.

With price effects included, the value of seasonally adjusted total retail sales rose 1.1 percent, and core retail sales rose 0.7 percent.

When we look at the longer-term picture, the trend for the total sales volume has risen consistently since a flat period in the second half of 2010, but has eased in the latest two quarters. The trend for the total sales value recorded strong growth in 2011, but has now eased back.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Air New Zealand: Flying Year-round To Popular Queensland Destinations

Air New Zealand is moving to year-round direct flights on its Auckland-Cairns, Auckland-Sunshine Coast and Christchurch-Gold Coast routes under an agreement with the Queensland Government... More>>




SEA: Another First For Solar Energy In New Zealand

The Sustainable Energy Association NZ (SEANZ) congratulates Sunergise on the commissioning of the Sunergise Kapuni Solar Power Plant, the largest in the country... More>>

Accenture: More Boomers Than Zoomers Want To Work From Home

While often associated with tech savvy Gen Z or Zoomers, new global research from Accenture shows that the push for more flexible working environments is being led by Gen Xers and Baby Boomers... More>>

Banking: Westpac New Zealand To Remain Part Of Westpac Group

Westpac New Zealand Limited (WNZL) remains part of Westpac Group following a decision for the two businesses not to demerge. Westpac Group Chief Executive Officer, Peter King, said: “After a detailed review, we believe a demerger of the WNZL business would not be in the best interests of shareholders... More>>

Mercury: Enters Into Binding Agreements To Acquire Trustpower’s Retail Business

Mercury NZ Limited (Mercury) has announced that it has entered into binding agreements with Trustpower Limited (Trustpower, NZX:TPW) to acquire Trustpower’s retail business for NZ$441 million... More>>

ALSO:


ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>