Retail sales in New Zealand rose 1.1 percent on quarter in the three months to June 2018, following an upwardly revised 0.3 percent growth in the previous quarter and easily beating market expectations of 0.4 percent. Hardware, building, and garden supplies had the largest increase (4.7 percent vs 0.6 percent in Q1), followed by department stores (2.8 percent vs unchanged), electrical and electronic goods (2 percent vs 4.1 percent) and food and beverage services (1.7 percent vs -1 percent). In contrast, sales at supermarket and grocery stores dropped 1.1 percent in the second quarter, after an increase of 1 percent in the previous period; and fuel trade declined 0.7 percent, its fourth consecutive quarterly fall. Year-on-year, retail sales grew 3.1 percent in the three months to June, following a 2.8 percent rise in the previous period. Retail Sales MoM in New Zealand averaged 0.74 percent from 1995 until 2018, reaching an all time high of 2.80 percent in the third quarter of 2004 and a record low of -2.80 percent in the first quarter of 2009.

Retail Sales MoM in New Zealand is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in New Zealand to stand at 1.10 in 12 months time. In the long-term, the New Zealand Retail Sales QoQ is projected to trend around 1.30 percent in 2020, according to our econometric models.

New Zealand Retail Sales QoQ
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-22 09:45 PM Retail Sales QoQ 1.7% 0.3% 1.4% 1.1%
2018-05-20 10:45 PM Retail Sales QoQ 0.1% 1.4% 0.5%
2018-08-21 10:45 PM Retail Sales QoQ 1.1% 0.3% 0.4% 0.4%
2018-11-25 09:45 PM Retail Sales QoQ 1.1% 0.8%

New Zealand Consumer Last Previous Highest Lowest Unit
Consumer Confidence 103.50 107.40 130.90 79.10 Index Points [+]
Retail Sales MoM 1.10 0.30 2.80 -2.80 percent [+]
Retail Sales YoY 3.10 2.80 9.30 -8.00 percent [+]
Consumer Spending 37833.00 37452.00 37833.00 15210.00 NZD Million [+]
Private Sector Credit 446475.00 445240.00 446475.00 10449.00 NZD Million [+]
Bank Lending Rate 9.34 9.33 16.02 7.50 percent [+]
Households Debt To GDP 92.20 91.90 93.30 27.90 percent of GDP [+]
Households Debt To Income 166.00 166.00 166.20 56.20 percent [+]

New Zealand Retail Sales QoQ

In New Zealand, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In New Zealand, Retail sales are seasonal, volatile and relatively important to the overall economy. This page provides - New Zealand Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Retail Sales QoQ - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.30 2.80 -2.80 1995 - 2018 percent Quarterly