Retail sales in New Zealand rose 2.5 percent on quarter in the first 3 months of 2021 quarter following a 2.6 percent fall in the December 2020 quarter. Electrical and electronic goods had the largest increase (8.4 percent vs 0.3 percent in Q4)), followed by recreational goods (16 percent vs -14 percent in Q4). “Higher spending in the electrical industry coincides with falling prices for computers and phones during the first quarter of 2021. In addition, recreational and outdoor sporting goods were top of the list for many New Zealanders over the summer holiday break. Many were enjoying the ability to travel around the country for camping, water or biking activities, and the opportunity to attend large events such as the America’s Cup” retail business manager Sue Chapman said. source: Statistics New Zealand
Retail Sales MoM in New Zealand averaged 0.82 percent from 1995 until 2021, reaching an all time high of 27.80 percent in the third quarter of 2020 and a record low of -14.90 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 June of 2021.
Retail Sales MoM in New Zealand is expected to be 1.30 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 2.00 in 12 months time. In the long-term, the New Zealand Retail Sales QoQ is projected to trend around 1.70 percent in 2022, according to our econometric models.