Strong retail sales for June quarter
14 August 2013
Strong sales in the core retailing industries, led by the food and beverage service industry, lifted retail spending in the June 2013 quarter, Statistics New Zealand said today.
After adjusting for seasonal effects the volume for the core retailing industries (which exclude the two vehicle-related industries) rose 2.3 percent compared with the March 2013 quarter. This rise is the largest increase in the series since the December 2006 quarter.
A record increase in the food and beverage services industry topped off the widespread rise of consumer spending, with increased sales in 12 of the 15 industries for the June quarter, industry and labour
statistics manager Blair Cardno said.
The total volume of retail sales rose 1.7 percent, with the largest movements in:
- fuel retailing, down 5.0 percent
- food and beverage services, up 4.5 percent
- motor vehicle and parts retailing, up 3.0 percent
- department stores, up 5.4 percent.
When price effects are included the value of core retail sales rose 2.0 percent ($271 million). The total value of retail sales rose 0.9 percent ($169 millon) with sales values rising in 12 of the 15 retail industries.
Looking at the longer-term picture, the trends for both total retail sales values and volumes have been generally rising since mid-2009.
In actual terms the value of total retail sales was $17.5 billion, up 3.3 percent in the June 2013 quarter compared with June 2012.