Retail sales in New Zealand dropped 1.4% quarter-on-quarter in the three months to March 2023, following a downwardly revised 1% decrease in the previous quarter. Major decreases were seen in sales at hardware, building, and garden supplies (-9.7%); motor vehicle and parts retailing (-2.8%); liquor retailing (-13%); pharmaceutical and other store-based retailing (-3.1%) and Specialised food (-9.1%). In contrast, increases were seen for sales at clothing, footwear, and personal accessories (+3.8%); food and beverage services (+1.3%) and department stores (+1%). source: Statistics New Zealand

Retail Sales MoM in New Zealand averaged 0.75 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 June of 2023.

Retail Sales MoM in New Zealand is expected to be -1.20 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 0.50 percent in 2024 and 0.60 percent in 2025, according to our econometric models.

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New Zealand Retail Sales QoQ



Calendar GMT Actual Previous Consensus TEForecast
2023-02-26 09:45 PM Q4 -0.6% 0.6% 1.7%
2023-05-23 10:45 PM Q1 -1.4% -1% 0.2% -0.5%
2023-08-22 10:45 PM Q2 -1.2%


Related Last Previous Unit Reference
Retail Sales MoM -1.40 -0.60 percent Mar 2023
Retail Sales YoY -4.10 -4.00 percent Mar 2023
Consumer Spending 43696.00 43715.00 NZD Million Dec 2022
Credit Card Spending 6502.00 6824.00 NZD Million Apr 2023

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
-1.40 -0.60 27.60 -15.40 1995 - 2023 percent Quarterly
Constant Prices, SA

News Stream
New Zealand Retail Sales Drop in Q1
Retail sales in New Zealand dropped 1.4% quarter-on-quarter in the three months to March 2023, following a downwardly revised 1% decrease in the previous quarter. Major decreases were seen in sales at hardware, building, and garden supplies (-9.7%); motor vehicle and parts retailing (-2.8%); liquor retailing (-13%); pharmaceutical and other store-based retailing (-3.1%) and Specialised food (-9.1%). In contrast, increases were seen for sales at clothing, footwear, and personal accessories (+3.8%); food and beverage services (+1.3%) and department stores (+1%).
2023-05-23
New Zealand Retail Sales Fall in Q4
Retail sales in New Zealand declined 0.6% on quarter in the last three months of 2022, reversing from an upwardly revised 0.6% increase in the previous period. Major decreases were seen in sales at electrical and electronic goods retailing (-9.7%) and furniture, floor coverings, houseware, and textile goods (-5.2%). In contrast, increases were seen for sales at motor vehicle and parts retailing (+2.3%), food and beverage services (+2.4%) and fuel retailing (+2.6%). Compared to Q4 2021, retail sales went down 4%, led by falls in the hardware, building, and garden supplies industry (-15%) and in the motor vehicles and parts industry (-10%), after a peak in sales seen during December 2021. Meanwhile, sales volumes grew in the hospitality sector, with food and beverage services up 14%, while accommodation services were up 28%, likely helped by a return of international visitors.
2023-02-26
Kiwi Retail Sales Rebound in Q3
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.
2022-11-25