Year-on-year, retail sales grew 2.7 percent on quarter in the three months to September 2018, following a 3.1 percent rise in the previous period. Retail Sales YoY in New Zealand averaged 3.07 percent from 1996 until 2018, reaching an all time high of 9.30 percent in the first quarter of 2004 and a record low of -8 percent in the first quarter of 2009.
Retail Sales YoY in New Zealand is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in New Zealand to stand at 3.60 in 12 months time. In the long-term, the New Zealand Retail Sales YoY is projected to trend around 3.70 percent in 2020, according to our econometric models.