Retail Spending Flat In September 2024 Quarter

The total volume of retail sales in New Zealand decreased by 0.1 percent in the September 2024 quarter compared with the June 2024 quarter, according to figures released by Stats NZ today. Figures are adjusted for price inflation and seasonal effects.

Ten of the 15 retail industries had lower retail sales volumes in the September 2024 quarter, compared with the June 2024 quarter, after adjusting for price inflation and seasonal effects.

The largest contributors to the fall in retail activity were supermarket and grocery stores, down 1.3 percent, and food and beverage services, down 2.1 percent.

"Retail activity was flat in the September 2024 quarter, with a decrease in spending in most retail industries being offset by an increase in motor vehicles and electrical and electronic goods," economic indicators spokesperson Michael Heslop said.

"Industry (ANZSIC06)""$"
"Motor vehicle and parts retailing""145440000"
"Electrical and electronic goods retailing"" 91552000"
"Non-store and commission-based retailing"" 13571000"
"Hardware" 4775000"
building" 3214000"
and garden supplies"" -5971000"
"Liquor retailing""-11385000"
"Specialised food retailing""-14027000"
"Furniture"-18192000"
floor coverings"-20600000"
houseware"-21668000"
and textile goods""-29038000"
"Clothing"-47168000"
footwear"-53451000"
and personal accessories""-62582000"
"Fuel retailing"
"Pharmaceutical and other store-based retailing"
"Recreational goods retailing"
"Accommodation"
"Department stores"
"Food and beverage services"
"Supermarket and grocery stores"
/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.