Retail activity in New Zealand saw a solid uplift in the September quarter, with sales volumes climbing 1.9 per cent.
Stats NZ reports that total retail sales in the September quarter rose by $472 million compared with the June quarter, after adjusting for price inflation and seasonal variations.
Of the 15 retail sectors monitored, eight experienced higher sales volumes. The largest gains were recorded in motor vehicles and parts retailing (7.2 per cent) and electrical and electronic goods retailing (9.8 per cent), indicating that consumers are not only purchasing everyday items but also investing in higher-value, big-ticket items.
Other sectors contributing to growth included food and beverage services, as well as hardware and building supplies, while supermarkets and grocery stores experienced a slight decline.
“Retail activity recorded an increase in the September quarter, with growth in most industries. This is the largest increase in activity since December 2021,” economic indicators spokesperson Michelle Feyen said.
“Motor vehicle and electrical and electronic goods retailing saw the largest increases this quarter.”
Regionally, 14 of New Zealand’s 16 regions recorded higher retail sales values compared with the June quarter. In the South Island, sales rose 1.7 per cent ($132 million) to $7.7 billion, while North Island sales increased 1.4 per cent ($318 million) to $23 billion.