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


Retail Sales Increase

Statistics New Zealand's retail trade figures for September 1999 show the underlying sales trend is strengthening. Since the beginning of this year the trend has increased 4.6 per cent.

An $85 million rise in seasonally adjusted sales was recorded between August and September 1999. This represents a 2.5 per cent increase and is the largest since April 1997. Fourteen of the 15 storetypes contributed to the rise. The accommodation, hotels and liquor and the motor vehicle storetypes made the largest dollar contributions to this growth.

Recent events such as the APEC leader's meeting, the World Netball Championships and the America's Cup build up, together with the general increase in tourist numbers contributed to the increase in sales by the accommodation, hotels and liquor storetype, particularly in the Auckland and Canterbury regional council areas. The shift in the timing of school holidays may also have contributed to the increase in September sales.

The effect of strong increases in residential building permits over the last two quarters is beginning to show in the quarterly seasonally adjusted series. Department stores, clothing and softgoods (particularly fabric and softgoods), hardware and appliance retailing all recorded increases, most following decreases in the June 1999 quarter.

Twelve of the fifteen storetypes covered by the survey reported increased stock levels at the end of the month compared with the same time last year.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Civil Contractors: Massive Rebound In Civil Construction Business Confidence

New Zealand’s civil construction industry is riding a massive rebound in post-pandemic business confidence – but this may be undermined by skills shortages, which continue to be the industry’s number one challenge... More>>

Energy: Feeling Our Way Towards Hydrogen - Tina Schirr

Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use... More>>

Maritime Union: Calls For New Zealand Shipping To Resolve Supply Chain Crisis

The Maritime Union says there needs to be innovative responses to ongoing shipping congestion. Maritime Union of New Zealand National Secretary Craig Harrison says it is essential that New Zealand develops its own shipping capacity... More>>

Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>

Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>

Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>