Retail sales in New Zealand rose 3.3 percent on quarter in the three months to June of 2021, following an upwardly revised 2.8 percent increase in the previous period. Electrical and electronic goods had the largest increase in sales volumes, up 6.9 percent, followed by rises in food and beverage, up 5.6 percent, and motor vehicle and parts retailing, up 3.1 percent. “Most retail industries saw increases in spending, with rises across all regions. Spending on big ticket items such as electrical goods, housewares, and vehicles was a priority for many consumers during this June quarter,” retail trade manager Sue Chapman said. “Many retailers saw higher sales this quarter, following the uncertainty of this time last year when the country was emerging from the first major COVID-19 lockdown period,” Ms Chapman said. source: Statistics New Zealand
Retail Sales MoM in New Zealand averaged 0.84 percent from 1995 until 2021, reaching an all time high of 27.80 percent in the third quarter of 2020 and a record low of -15.50 percent in the second quarter of 2020. This page provides - New Zealand Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Retail Sales QoQ - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Retail Sales MoM in New Zealand is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Retail Sales QoQ is projected to trend around 1.70 percent in 2022, according to our econometric models.