Total volume of retail sales in New Zealand rose 4.8 percent year-on-year in the fourth quarter of 2020, easing from an 8.3 percent jump in the previous three-month period. Trade was mostly higher for electrical and electronic goods retailing (21.0 percent vs 28.2 percent in Q3), hardware, building, and garden supplies (14.6 percent vs 14 percent), motor vehicle and parts retailing (9.3 percent vs 13.6 percent), department stores (8.5 percent vs 12.2 percent), and non-store and commission-based retailing (17.1 percent vs 19.4 percent). On the other hand, accommodation had the largest fall (-19.7 percent vs -8.1 percent), followed by pharmaceutical and other store-based retailing (-8.0 percent vs -1.3 percent). On a seasonally adjusted basis, retail sales declined 2.7 percent in the fourth quarter. source: Statistics New Zealand
Retail Sales YoY in New Zealand averaged 2.98 percent from 1996 until 2020, reaching an all time high of 9.30 percent in the first quarter of 2004 and a record low of -14.20 percent in the second quarter of 2020. This page provides - New Zealand Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Retail Sales YoY 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 YoY in New Zealand to stand at 2.50 in 12 months time. In the long-term, the New Zealand Retail Sales YoY is projected to trend around 2.50 percent in 2022 and 4.00 percent in 2023, according to our econometric models.