Retail sales in New Zealand rose by 0.4 percent on the quarter in the three months leading to September of 2022, rebounding from the downwardly revised 2.2 percent contraction in the previous period. Sales rebounded significantly for fuel stations (3.2 percent vs -1.9 percent in Q2), as lower prices and a reopened economy strongly supported sales volume. Retail also rebounded in pharmacies (2.8 percent vs -0.4 percent) and in supermarkets (0.2 percent vs -2.8 percent). In the meantime, sales volumes rose faster for department stores (17.9 percent vs 2.1 percent) and clothing, footwear, and accessories stores (5.1 percent vs 2.8 percent). On the other hand, sales tanked for electronics stores (-14.5 percent vs -7 percent). Year-on-year, retail sales went up by 4.9 percent, rebounding from the 3.7 percent rise in Q2. source: Statistics New Zealand
Retail Sales MoM in New Zealand averaged 0.78 percent from 1995 until 2022, reaching an all time high of 27.40 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 November of 2022.
Retail Sales MoM in New Zealand is expected to be 1.70 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.