empty

2022.05.2400:18:00UTC+00New Zealand Retail Sales Slip 0.5% On Quarter In Q1

The total volume of retail sales in New Zealand was down a seasonally adjusted 0.5 percent on quarter in the first quarter of 2022, Statistics New Zealand said on Tuesday.

That follows the downwardly revised 8.3 percent increase in the three months prior (originally 8.6 percent).

By industry level, the largest movements were motor vehicle and parts retailing - down 4.0 percent; hardware, building, and garden supplies - down 5.5 percent; electrical and electronic goods retailing - up 2.7 percent; and non-store and commission-based retailing - down 10 percent.

The total value of retail sales was up 0.5 percent on quarter or NZ$133 million in Q1.

On a yearly basis, sales volume was up 2.3 percent, slowing from 4.4 percent in the previous three months.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST


Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.