Retail sales in New Zealand dropped 8.1 percent on quarter in the three months to September of 2021, following a 3.3 percent increase in the previous period. Department stores lead the falls by plugging 24 percent, followed by food and Beverage services, down 19 percent, while hardware, building, and garden supplies fell 15 percent, and vehicle and parts retailing were 12 percent lower. Meantime, the supermarket and grocery stores had the biggest increase (7.5 percent) followed by non-store and commission-based retailing (2.5 percent). source: Statistics New Zealand

Retail Sales MoM in New Zealand averaged 0.76 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 December 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.

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New Zealand Retail Sales QoQ

Calendar GMT Actual Previous Consensus TEForecast
2021-08-23 10:45 PM Q2 3.3% 2.8% 3.5%
2021-11-22 09:45 PM Q3 -8.1% 3.3% -0.5%
2022-02-22 09:45 PM Q4

Related Last Previous Unit Reference
Retail Sales MoM -8.10 3.30 percent Sep/21
Retail Sales YoY -5.20 33.30 percent Sep/21
Consumer Spending 43552.00 43840.00 NZD Million Jun/21
Credit Card Spending 5671.00 5152.00 NZD Million Oct/21

News Stream
New Zealand Retail Sales Rise in Q1
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.
New Zealand Retail Sales Rebound in Q1
Retail sales in New Zealand rose 2.5 percent on quarter in the first 3 months of 2021 following a 2.6 percent fall in the December 2020 quarter. Electrical and electronic goods had the largest increase (8.4 percent vs 0.3 percent in Q4)), followed by recreational goods (16 percent vs -14 percent in Q4). “Higher spending in the electrical industry coincides with falling prices for computers and phones during the first quarter of 2021. In addition, recreational and outdoor sporting goods were top of the list for many New Zealanders over the summer holiday break. Many were enjoying the ability to travel around the country for camping, water or biking activities, and the opportunity to attend large events such as the America’s Cup” retail business manager Sue Chapman said.
New Zealand Retail Sales Retreat
The volume of total retail sales in New Zealand declined a seasonally adjusted 2.7 percent in the fourth quarter of 2020, following a revised 27.8 percent increase in the previous period, which was the largest rise in total volume sales since the series began in 1995. On an annual basis retail sales lost steam, rising 4.8 percent after increasing 8.3 percent in the previous three months, nudged mainly by electrical and electronic goods retailing, up 21 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.