The volume of total retail sales in New Zealand climbed 1.6 percent in the third quarter of 2019, after a 0.2 percent advance in the previous period and beating market expectations of a 1.2 percent gain. It was the largest rise in retail sales since Q4 2018, boosted by electrical and electronic goods (4.4 percent vs 5.2 percent in Q2), which coincided with some promoting sales of big screen televisions before the Rugby World Cup in Japan, which started near the end of September. Other significant rises in sales were recorded for furniture, floor coverings, houseware & textiles (5.1 percent vs -3.7 percent); recreational goods (4 percent vs 6.1 percent) and pharmaceutical & other store-based retailing (2.3 percent vs 2.4 percent). In contrast, accommodation sales declined 1.4 percent after a 1.6 percent advance in Q2, while specialised food sales decreased 1.3 percent (vs -1.7 percent). On an annual basis, retail sales jumped 4.5 percent following a 2.9 percent expansion. Retail Sales MoM in New Zealand averaged 0.75 percent from 1995 until 2019, reaching an all time high of 2.90 percent in the third quarter of 2004 and a record low of -2.80 percent in the first quarter of 2009. source: Statistics New Zealand

Retail Sales MoM in New Zealand is expected to be 0.90 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 0.80 in 12 months time. In the long-term, the New Zealand Retail Sales QoQ is projected to trend around 1.50 percent in 2020, according to our econometric models.

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New Zealand Retail Sales QoQ

Actual Previous Highest Lowest Dates Unit Frequency
1.60 0.20 2.90 -2.80 1995 - 2019 percent Quarterly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-02-24 09:45 PM Q4 1.7% 0.3% 0.5% 1.1%
2019-05-21 10:45 PM Q1 0.7% 1.7% 0.6% 1.1%
2019-08-22 10:45 PM Q2 0.2% 0.7% 0.1% 0.3%
2019-11-25 09:45 PM Q3 1.6% 0.2% 1.2% 0.7%
2020-02-23 09:45 PM Q4 1.6% 2.1%


News Stream
2019-08-22
New Zealand Retail Sales Rise 0.2% in Q2
The volume of total retail sales in New Zealand rose a modest 0.2 percent in the second quarter of 2019, after a 0.7 percent advance in the previous period and compared to market expectations of a 0.1 percent gain. Electrical and electronic goods had the largest increase (5 percent vs 0.3 percent), followed by recreational goods (6.2 percent vs 3.2 percent). In contrast, sales at supermarket and grocery stores fell 0.9 percent (vs 0.4 percent in Q1) and those at department stores declined 2.1 percent (vs 4.3 percent in Q1).

2019-05-21
New Zealand Retail Sales Rise More than Expected
Retail sales in New Zealand increased 0.7 percent quarter-on-quarter in the three months to March 2019, slowing from a 1.7 percent gain in the previous period but above market expectations of a 0.6 percent rise. Sales advanced at a softer pace for supermarket & grocery (0.7 percent vs 1.8 percent in Q4 2018); clothing, footwear, & accessories (0.9 percent vs 2.9 percent); and fuel (0.2 percent vs 0.9 percent). Also, sales dropped for pharmaceutical and other store-based (-5.7 percent vs 8.3 percent); accommodation (-4.7 percent vs 0.4 percent); and food & beverage services (-0.3 percent vs 4.4 percent). Year-on-year, retail sales went up 3.3 percent in the first quarter of 2019, after rising 3.5 percent in the prior period.

2019-02-24
New Zealand Retail Sales Rise More than Expected in Q4
Retail sales in New Zealand increased 1.7 percent quarter-on-quarter in the three months to December 2018, following an upwardly revised 0.3 percent gain in the previous period and above market expectations of a 0.5 percent rise. It was the biggest gain in retail trade since the first quarter of 2017, as sales rebounded for pharmaceutical & other store-based retailing (8.2 percent vs -3.5 percent in Q3); food & beverage services (4.2 percent vs -2.0 percent); specialised food (1.7 percent vs -1.8 percent); and motor vehicles & parts (0.1 percent vs -1.9 percent). Also, sales advanced further for non-store & commission-based retailing (4.1 percent vs 1.8 percent); clothing, footwear, & accessories (4.1 percent vs 2.2 percent); electrical & electronic goods (4.6 percent vs 3.6 percent); accommodation (1.9 percent vs 1.8 percent) and fuel (1 percent vs 0.7 percent). Year-on-year, retail sales went up 3.5 percent in the last quarter of 2018, after rising 2.7 percent in the prior period.


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.

New Zealand Consumer Last Previous Highest Lowest Unit
Consumer Confidence 109.90 103.10 130.90 79.10 points [+]
Retail Sales MoM 1.60 0.20 2.90 -2.80 percent [+]
Retail Sales YoY 4.50 2.90 9.30 -8.00 percent [+]
Consumer Spending 39684.00 39358.00 39684.00 15205.00 NZD Million [+]
Private Sector Credit 476628.00 475403.00 476628.00 10449.00 NZD Million [+]
Bank Lending Rate 9.00 9.00 16.02 7.50 percent [+]
Households Debt To GDP 94.60 94.40 94.60 27.90 percent of GDP [+]
Households Debt To Income 164.40 164.20 164.40 56.20 percent [+]
Credit Card Spending 5822.00 5871.00 5871.00 2155.00 NZD Million [+]