Flat retail offset by increased fuel spending

Petrol_pump_mp3h0355Retail sales value increased by just 0.6 per cent over the September quarter, totalling $153 million, according to Stats NZ.

However, the data showed a notable 7 per cent increase in fuel spending to $150 million due to the start of the Auckland regional fuel tax and record pump prices coinciding, retail statistics manager Sue Chapman said.

Nine of the 15 retail industries analysed saw higher sales value over the period, which was offset by a fall in the food and beverage and vehicle industries over the quarter by 2.4 and 1.7 per cent respectively.

The volume of retail sales, however, fell flat over the September quarter, staying relatively unchanged from the June quarter which saw a 1.1 per cent rise.


Department stores brought in $109.97 million over the period, and saw the largest increase of 7.4 per cent due to structural and reporting changes in the Warehouse Group becoming effective during the quarter.

“This didn’t affect either the total retail sales, or the core retail series, as activity was consolidated into one retail industry,” Chapman said.

“Some sales now recorded in department stores had previously been recorded in the ‘pharmaceutical and other stores’ industry.”

Comments

Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

Yop Polls

Is the US-China trade war having an impact on your business?
Vote

Twitter

Growth slows at @HallensteinBros due to a tougher trading environment, while @Glassons maintains momentum over FY19… https://t.co/5fF3tP9NNH

2 weeks ago

The first @Lego_Group store in New Zealand is set to open in Westfield Newmarket later this year #retail #lego #toyhttps://t.co/cpwYi0NHM0

1 month ago

Foreign tourists are expected to spend $15 billion by 2025 in New Zealand, according to predictions by @mbiegovtnzhttps://t.co/VMZEcj6jHF

3 months ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered