Retail sales remain buoyant in June quarter

After adjusting for price and seasonal affects, the total retail sales volume rose 3.3 percent in the June 2021 quarter, following a 2.8 percent rise in the March 2021 quarter, Stats NZ said today.

"Most retail industries saw increases in spending, with rises across all regions. Spending on big ticket items such as electrical goods, housewares, and vehicles was a priority for many consumers during this June quarter," retail trade manager Sue Chapman said.

Electrical and electronic goods had the largest increase in sales volumes, up 6.9 percent, followed by rises in food and beverage, up 5.6 percent, and motor vehicle and parts retailing, up 3.1 percent.

QuarterActualSeasonally adjusted
Jun-172185674716222542139980
Sep-172163473886622687186460
Dec-172498461269322984727760
Mar-172255222927422990258270
Jun-182253419171523196287430
Sep-182221969169023244958950
Dec-182585544260023693969480
Mar-192330755886023890964910
Jun-192318548866023822327390
Sep-192322065414024229887930
Dec-192670907770024446528330
Mar-202384511449024206563690
Jun-201989389159020459542540
Sep-202509606822026147152150
Dec-202797768408025573357200
Mar-212542665399026283438790
Jun-212651166500027140900210

"Many retailers saw higher sales this quarter, following the uncertainty of this time last year when the country was emerging from the first major COVID-19 lockdown period," Ms Chapman said.

Eating out and vehicle sales boost sales values

When the effects of price changes are included, the seasonally adjusted value of total retail trade sales rose $1.1 billion (4.0 percent) in the June 2021 quarter.

Food and beverage services had the largest dollar value increase, up $222 million (7.0 percent) this June quarter, following a modest rise of $43 million (1.4 percent) in the March 2021 quarter.

Sales values for motor vehicle and parts retailing reached over $4 billion, for the first time in this series.

This industry had a strong increase of $179 million (4.6 percent) in this June quarter following the $117 million (3.1 percent) rise for the March 2021 quarter.

"We received comments from some vehicle respondents, stating a surge in sales of higher priced vehicles, and that they saw more interest in electric vehicle purchases during this quarter," Ms Chapman said.

Industry (ANZSIC06)201920202021
Electrical and electronic goods retailing9328325919841448451309488380
Motor vehicle and parts retailing328479336425546568814081118773
Supermarket and grocery stores519916609058401072585642917216
Food and beverage services298763542217712447383381890731
Accommodation10470641715736027541116256588

In actual terms, the total values of retail sales were $27.5 billion in the June 2021 quarter, up 37 percent ($7.4 billion) from the COVID-19 affected June 2020 quarter.

Retail trade dashboard

Stats NZ's retail trade dashboard has further details on retail industries over time - view, compare, and download data for specific retail industries, or data by geographic regions.

/Stats NZ Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.