New Zealand retail sales recorded the highest September quarter rise since 1995, indicating the recovery of the retail industry in the wake of the Covid-19 crisis.
According to Stats NZ, retail sales in September rose by 7.4 per cent year-on-year, generating $1.8 billion.
Electrical and electronic goods retailing accounted for the highest rise sector with 25 per cent increase in sales, followed by recreational goods retailing (20 per cent). Other growing sectors include department stores and hardware supplies, up 12 per cent and 16 per cent respectively.
Motor vehicle and parts retailing was the largest category by spending at $454 million, closely followed by supermarket and grocery stores ($429 million).
“Several vehicle dealers have commented on high demand for new and used vehicles this quarter, with some popular imported models being pre-sold before they arrived in New Zealand ports,” Sue Chapman, retail statistics manager at Stats NZ.
Stats NZ said that the rise of September retail sales illustrates a recovery for retail businesses. However, it was not enough to not make up for the dramatic 15-per-cent fall during the June quarter.