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.