The volume of total retail sales in New Zealand jumped a seasonally adjusted 28 percent in the third quarter of 2020, following an upwardly revised 14.8 percent drop in the previous period. It was the largest rise in total volume sales since the series began in 1995, driven by higher spending on major household items, vehicles, and groceries. source: Statistics New Zealand

Retail Sales MoM in New Zealand averaged 0.84 percent from 1995 until 2020, reaching an all time high of 28 percent in the third quarter of 2020 and a record low of -14.60 percent in the second quarter of 2020. This page provides - New Zealand Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Retail Sales QoQ - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Retail Sales MoM in New Zealand is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in New Zealand to stand at 1.50 in 12 months time. In the long-term, the New Zealand Retail Sales QoQ is projected to trend around 1.50 percent in 2021 and 1.70 percent in 2022, according to our econometric models.

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New Zealand Retail Sales QoQ

Actual Previous Highest Lowest Dates Unit Frequency
28.00 -14.60 28.00 -14.60 1995 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-23 09:45 PM Q4 0.7% 1.7% 2.1%
2020-05-21 10:45 PM Q1 -0.7% 0% 0.2%
2020-08-23 10:45 PM Q2 -14.6% -1.2% -4%
2020-11-22 09:45 PM Q3 28% -14.8% 10%
2021-02-22 09:45 PM Q4 28%
2021-05-23 10:45 PM Q1
2021-08-23 10:45 PM Q2
2021-11-22 09:45 PM Q3


News Stream
New Zealand Retail Sales Rebound at Record Pace
The volume of total retail sales in New Zealand jumped a seasonally adjusted 28 percent in the third quarter of 2020, following an upwardly revised 14.8 percent drop in the previous period. It was the largest rise in total volume sales since the series began in 1995, driven by higher spending on major household items, vehicles, and groceries.
2020-11-22
NZ Retail Sales Suffer Record Fall
The volume of total retail sales in New Zealand declined a seasonally adjusted 14.6 percent in the second quarter of 2020 following a revised 1.2 percent drop in the previous period, as coronavirus restrictions dented demand. It was the largest drop in total volume sales since the series began in 1995, as sales dropped for supermarket & grocery (-0.2 percent vs 8.7 percent in Q1); electrical and electronic goods (-1.5 percent vs 0.9 percent) and motor vehicles and parts (-15 percent vs -8.8 percent). Year-on-year, retail sales were down 14.2 percent.
2020-08-23
New Zealand Retail Sales Slide in Q1
The volume of total retail sales in New Zealand declined a seasonally adjusted 0.7 percent in the first quarter of 2020 after a revised nill growth in the previous period, as COVID-19 restrictions dented demand. It was the largest drop in total volume sales in eight years, with 10 of the 16 regions showing declines. Sales were mainly dragged by a 7.5 percent drop in motor vehicles & partes compared to an unchanged print in the previous quarter. Also, sales of recreational goods fell 7.5 percent after growing 1.4 percent. In contrast, social distancing measures led to an 8.5 percent surge in sales of supermarkets & grocery stores (vs -1.2 percent). Year-on-year, retail trade growth slowed to 2.3 percent compared to 3.3 percent in the previous period.
2020-05-21
New Zealand Retail Trade Growth Slows in Q4
The volume of total retail sales in New Zealand rose a seasonally adjusted 0.7 percent in the last quarter of 2019, easing from an upwardly revised 1.7 percent increase in the previous period. Sales growth slowed in electrical and electronic goods (4.3 percent vs 4.4 percent in Q3); furniture, floor coverings, houseware & textiles (1.8 percent vs 5.1 percent); recreational goods (3.6 percent vs 4 percent); and food & beverage services (0.4 percent vs 1.7 percent). Also, sales dropped in supermarket & grocery (-1.1 percent vs 0.9 percent); department (-3.8 percent vs 3.8 percent); liquor (-1.2 percent vs 2.7 percent); hardware, building, and garden supplies (-0.1 percent vs 0.9 percent); and clothing, footwear, and accessories (-0.1 percent vs 0.7 percent). Year-on-year, retail trade went up 3.3 percent, following a 4.5 percent gain in the prior period.
2020-02-23

New Zealand Retail Sales QoQ
In New Zealand, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In New Zealand, Retail sales are seasonal, volatile and relatively important to the overall economy.