Retail sales in New Zealand fell 0.5% percent on the quarter in the first three months of 2022, compared to the downwardly revised 8.3 percent increase in the previous period. Sales significantly fell for hardware, building, and garden supplies (-5.5 percent vs 31.8 percent in Q4), motor vehicles and parts (-4 percent vs 19.4 percent), and non-store and commission-based retailing (-10.4 percent vs 8.5 percent), while while food and beverages services (-0.3 percent vs 11.8 percent) fell to a lower extend. On the other hand, increases were seen for pharmaceutical and other store-based retailing (3.5 percent vs 5.6 percent), electrical goods (2.7 percent vs 2.1 percent), and supermarket and grocery stores (0.7 percent vs -5.2 percent). Year-on-year, retail sales went up by 2.3 percent, easing from the 4.4 percent rise in the previous period. source: Statistics New Zealand

Retail Sales MoM in New Zealand averaged 0.82 percent from 1995 until 2022, 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 June of 2022.

Retail Sales MoM in New Zealand is expected to be 2.00 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 2023, according to our econometric models.

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New Zealand Retail Sales QoQ



Calendar GMT Actual Previous Consensus TEForecast
2022-02-24 09:45 PM Q4 8.6% -8.2% 10.1%
2022-05-23 10:45 PM Q1 -0.5% 8.3% -1%
2022-08-24 10:45 PM Q2 -0.5%


Related Last Previous Unit Reference
Retail Sales MoM -0.50 8.60 percent Mar 2022
Retail Sales YoY 2.30 4.40 percent Mar 2022
Consumer Spending 44541.00 42584.00 NZD Million Mar 2022
Credit Card Spending 6172.00 6114.00 NZD Million May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.50 8.60 27.80 -15.50 1995 - 2022 percent Quarterly
SA

News Stream
New Zealand Retail Sales Retreat in Q1
Retail sales in New Zealand fell 0.5% percent on the quarter in the first three months of 2022, compared to the downwardly revised 8.3 percent increase in the previous period. Sales significantly fell for hardware, building, and garden supplies (-5.5 percent vs 31.8 percent in Q4), motor vehicles and parts (-4 percent vs 19.4 percent), and non-store and commission-based retailing (-10.4 percent vs 8.5 percent), while while food and beverages services (-0.3 percent vs 11.8 percent) fell to a lower extend. On the other hand, increases were seen for pharmaceutical and other store-based retailing (3.5 percent vs 5.6 percent), electrical goods (2.7 percent vs 2.1 percent), and supermarket and grocery stores (0.7 percent vs -5.2 percent). Year-on-year, retail sales went up by 2.3 percent, easing from the 4.4 percent rise in the previous period.
2022-05-23
New Zealand Retail Sales Rebound in Q4
Retail sales in New Zealand rose 8.6 percent on quarter in the last three months of 2021, recovering from an upwardly revised 8.2 percent drop in the previous period. Sales rebounded for motor vehicle and parts (21.6 percent vs -12.6 percent in Q3); hardware, building, and garden supplies (32.5 percent vs -14.8 percent); department stores (18.5 percent vs -24.3 percent) and food and beverage services (11.9 percent vs -18.8 percent). On the other hand, the largest falls were recorded at supermarket and grocery stores (- 5.3 percent) and accommodation (-20 percent). Year-on-year, retail sales went up 4.4 percent in the last quarter of 2021, after falling 5.2 percent in the prior period.
2022-02-24
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.
2021-08-23