Market news
14.08.2017, 06:02

New Zealand's total volume of retail sales rose 2.0%

For the June 2017 quarter, compared with the March 2017 quarter (seasonally adjusted):

The total volume of retail sales rose 2.0 percent.

The food and beverage industry had the largest increase in the series, up 4.2 percent. The record increase reflects the influx of sporting fans and visitors for the World Masters Games and the Lions rugby tour held in New Zealand during the June quarter.

Electrical and electronic goods rose 5.2 percent.

Motor-vehicle and parts retailing rose 1.7 percent. This followed strong increases of 4.9 percent and 4.1 percent in the March 2017 and December 2016 quarters, respectively.

Accommodation volumes rose 6.1 percent. This was the largest increase for this industry in three years.

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