Source: Statistics New Zealand
Retail activity falls by 1.2 percent
23 August 2024 – The total volume of retail sales in New Zealand fell 1.2 percent in the June 2024 quarter, after adjusting for price inflation and seasonal effects, according to figures released by Stats NZ today.
This movement continues the downward trend observed in the last eight quarters.
Eleven of the 15 retail industries had lower sales volumes in the June 2024 quarter, compared with the March 2024 quarter.
The largest contributors to the fall in retail activity were:
- electrical and electronic goods retailing – down 6.0 percent
- motor vehicle and parts retailing – down 2.7 percent
- food and beverage services – down 1.9 percent.
- clothing, footwear, and personal accessories – down 4.1 percent.
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