New Zealand retail sales fall in June quarter

(Source: Bigstock)
Stats NZ has reported that the overall volume of retail sales declined 1.0 per cent in the June quarter. This follows the decline of 1.6 per cent and 1.1 per cent in the March quarter and last year’s December quarter, respectively, after correcting for pricing and seasonal impacts. According to Stats NZ, 11 of the 15 retail industries reported lower sales volumes in the quarter compared to the previous three-month period. Food and beverage services were down 4.4 per cent, while hardware, b

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