Source: MIL-OSI Submissions
Retail spending rebounds in December – Media release
25 February 2022
Retail sales rebounded in the last quarter of 2021 with rises in many industries, almost reversing the falls recorded in the lockdown period of the September 2021 quarter, Stats NZ said today.
After price effects were removed the seasonal adjusted total sales volumes rose 8.6 percent in the December 2021 quarter, compared to the 8.2 percent fall seen in the September 2021 quarter.
Two industries dominated the increase in the December quarter. Strong rises were seen in motor vehicles and parts retailing, up 22 percent, and in the hardware, building, and garden supplies industry, up 33 percent. These industries had falls of 13 and 15 percent respectively, in the September 2021 quarter.
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