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.