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Retail Activity Falls For The Second Quarter In A Row
The total volume of actual retail sales fell 4.1
percent in the March 2023 quarter, compared with the March
2022 quarter, according to figures released by Stats NZ
today. This followed a 4.0 percent fall in the December 2022
quarter, compared with the December 2021
quarter.
“Decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter, compared with the March 2022 quarter,” business financial statistics manager Melissa McKenzie said.
Some of the biggest changes in retail sales volumes between the March 2022 and March 2023 quarters were:
- hardware, building, and garden supplies – down 13 percent
- food and beverage services – up 14 percent
- motor vehicles and parts – down 7.5 percent
- accommodation – up 19 percent.
Visit our website to read this news story and information release or to download CSV files:
- Retail activity falls for the second quarter in a row
- Retail trade survey: March 2023 quarter
- CSV files for download
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