The volume of total retail sales in New Zealand jumped a seasonally adjusted 28 percent in the third quarter of 2020, following an upwardly revised 14.8 percent drop in the previous period. It was the largest rise in total volume sales since the series began in 1995, driven by higher spending on major household items, vehicles, and groceries. source: Statistics New Zealand
Retail Sales MoM in New Zealand averaged 0.84 percent from 1995 until 2020, reaching an all time high of 28 percent in the third quarter of 2020 and a record low of -14.60 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 January of 2021.
Retail Sales MoM in New Zealand is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in New Zealand to stand at 1.50 in 12 months time. In the long-term, the New Zealand Retail Sales QoQ is projected to trend around 1.50 percent in 2021 and 1.70 percent in 2022, according to our econometric models.