Retail sales in New Zealand dropped by 1.9% quarter-on-quarter in the three months to December of 2023, following a downwardly revised 0.8% fall in the previous quarter. It pointed to the eighth consecutive quarter of decline in retail spending as 14 of the 15 retail industries had lower sales volumes in the December 2023 quarter compared with the September 2023 quarter. The largest contributors to the fall in retail activity were motor vehicle and parts retailing (-2.5% vs -5.1% in Q3), followed by food and beverage services (-2.4% vs -0.6%) and fuel retailing (-3.6% vs -5.1%). The only industry that saw an increase was pharmaceutical and other store-based retailing (+0.3% vs +3.2%). On a yearly basis, retail spending sank by 4.1% in the fourth quarter, after dropping by 3.4% in the corresponding period of the previous year. source: Statistics New Zealand

Retail Sales in New Zealand decreased 1.90 percent in the fourth quarter of 2023 over the previous quarter. Retail Sales MoM in New Zealand averaged 0.70 percent from 1995 until 2023, reaching an all time high of 27.60 percent in the third quarter of 2020 and a record low of -15.40 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 February of 2024.

Retail Sales in New Zealand decreased 1.90 percent in the fourth quarter of 2023 over the previous quarter. Retail Sales MoM in New Zealand is expected to be 1.10 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 0.60 percent in 2025 and 0.40 percent in 2026, according to our econometric models.

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New Zealand Retail Sales QoQ


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-11-23 09:45 PM
Retail Sales QoQ
Q3 0% -1% -0.8% -1.7%
2024-02-22 09:45 PM
Retail Sales QoQ
Q4 -1.9% -0.8% -0.4%
2024-05-22 10:45 PM
Retail Sales QoQ
Q1 -1.9% 1.1%


Related Last Previous Unit Reference
Retail Sales MoM -1.90 -0.80 percent Dec 2023
Retail Sales YoY -4.10 -3.40 percent Dec 2023
Consumer Spending 44540.00 44825.00 NZD Million Sep 2023
Credit Card Spending 6618.00 8101.00 NZD Million Jan 2024

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
-1.90 -0.80 27.60 -15.40 1995 - 2023 percent Quarterly
Constant Prices, SA

News Stream
New Zealand Retail Sales Fall for 8th Quarter
Retail sales in New Zealand dropped by 1.9% quarter-on-quarter in the three months to December of 2023, following a downwardly revised 0.8% fall in the previous quarter. It pointed to the eighth consecutive quarter of decline in retail spending as 14 of the 15 retail industries had lower sales volumes in the December 2023 quarter compared with the September 2023 quarter. The largest contributors to the fall in retail activity were motor vehicle and parts retailing (-2.5% vs -5.1% in Q3), followed by food and beverage services (-2.4% vs -0.6%) and fuel retailing (-3.6% vs -5.1%). The only industry that saw an increase was pharmaceutical and other store-based retailing (+0.3% vs +3.2%). On a yearly basis, retail spending sank by 4.1% in the fourth quarter, after dropping by 3.4% in the corresponding period of the previous year.
2024-02-22
New Zealand Retail Sales Flat in Q3
Retail sales in New Zealand remained stable quarter-on-quarter in the September quarter of 2023, following a downwardly revised 0.9% decline in the previous quarter. Thirteen of the fifteen retail industries had lower sales volumes. Major contributors to the decline were motor vehicles and parts (-3.4 vs +3.7% in Q2), followed by electrical and electronic goods (-0.8% vs -0.5%) and department stores (-1.4% vs -0.5%). In contrast, increases were seen for sales at pharmaceutical and other store-based retailing (+1.8 vs +1.4%), grocery stores (+1% vs -0.6%), hardware, building, and garden supplies (+2.9% vs -4.8%) and food and beverage services (+0.2% vs -4.4%).
2023-11-23
New Zealand Retail Sales Fall in Q2
Retail sales in New Zealand declined 1% quarter-on-quarter in the June quarter of 2023, following a downwardly revised 1.6% decline in the previous quarter. It marked the third straight quarter of fall in retail sales as eleven of the fifteen retail industries had lower sales volumes. Major contributors to the decline were food and beverage services (-4.4% vs -0.5% in Q1); hardware, building, and garden supplies (-4.8% vs -6.6%); followed by and electrical and electronic goods (-0.5% vs -0.7%) and grocery stores (-0.6% vs -0.4%) and supermarket department stores (+1%). In contrast, increases were seen for sales at pharmaceutical and other store-based retailing (+1.4 vs -3.2%) and motor vehicles and parts (+3.7 vs -2.1%).
2023-08-22