Economic Buzz: New Zealand Retail Sales Up 0.4% In Q3

25 Nov 2022 , 08:58 AM

New Zealand retail sales volumes rose a seasonally adjusted 0.4 percent in the third quarter, data from Statistics New Zealand showed on Friday, putting sales 4.9 percent higher on the year. Retail sales rebounded from the downwardly revised 2.2 percent contraction in the previous period. Sales rebounded significantly for fuel stations (3.2 percent vs -1.9 percent in Q2), as lower prices and a reopened economy strongly supported sales volume. Year-on-year, retail sales went up by 4.9 percent, rebounding from the 3.7 percent rise in Q2.Powered by Commodity Insights