Scoop has an Ethical Paywall
Broad-based decline in retail sales
Embargoed until 10:45am – 13 December 2007
Broad-based decline in retail sales
In October 2007, seasonally adjusted total retail sales fell 0.7 percent ($40 million), Statistics New Zealand said today. Sales fell for about two-thirds of the industries. This followed a rise in total sales of 1.0 percent ($54 million) in September 2007.
The industries that contributed the most to this month’s decrease were motor vehicle retailing, down 2.8 percent ($20 million), supermarket and grocery stores retailing, down 1.1 percent ($13 million), and appliance retailing, down 4.7 percent ($10 million).
The only notable increase recorded was for automotive fuel retailing, up 3.5 percent ($18 million).
The average monthly trend increase between May 2007 and October 2007 eased to 0.2 percent, compared with an average increase of 0.6 percent between May 2006 and April 2007.
Seasonally adjusted sales fell for all regions except for the Remainder of North Island (excluding Auckland, Waikato and Wellington), which rose 0.3 percent ($4 million).
Geoff Bascand
Government Statistician 13 December 2007
ENDS
Motor Industry Association: Vehicle Registrations Up 5.6% In December, But Year-To-Date Sales Reflect Market Challenges
BNZ: Depression-era Bequest Still Helping 88 Years Later
Hugh Grant: How Can Telehealth And Home Healthcare Solutions Be Helpful?
New Zealand Merino Company: The New Zealand Merino Company Will Investigate PETA Claims
New Zealand Certified Builders: Building A Granny Flat? Four Things You Should Know
Paul Scofield & George Young, The Conversation: The Discovery Of A Rare New Fossil Sheds Light On NZ’s Extinct Dolphin-like Reptiles
