Retail sales decline for the second quarter in a row – Media release
25 August 2022
The volume of total retail sales fell 2.3 percent in the June 2022 quarter, after a 0.9 percent decrease in the March 2022 quarter when adjusting for price and seasonal effects, Stats NZ said today.
This is the second time retail sales volumes have fallen over two consecutive quarters since the COVID-19 outbreak. The first was in the March and June 2020 quarters.
Ten of the 15 retail industries had lower sales volumes in the June 2022 quarter compared with the March 2022 quarter.
Motor vehicle and parts retailing had the largest fall, down 5.8 percent in seasonally adjusted volumes, after a 5.3 percent fall in the March 2022 quarter.
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