The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today.
After price effects and seasonal patterns were removed, total sales volumes fell 0.5 percent in the March 2022 quarter, following an 8.3 percent increase in the December 2021 quarter.
“Continued volatility in vehicle and hardware sales resulted in flat retail volumes this quarter,” business financial statistics manager Melissa McKenzie said.
The largest falls were in motor vehicle and parts retailing, down 4.0 percent, and hardware, building, and garden supplies, down 5.5 percent. Both industries recorded strong rises of 19 percent and 32 percent respectively in the December 2021 quarter.
The largest rises were in electrical and electronic goods, up 2.7 percent, and pharmaceutical and other store-based retailing, up 3.5 percent, compared with the December 2021 quarter.
Without accounting for price effects and seasonal patterns, in actual terms, the value of total retail sales was $28.4 billion in the March 2022 quarter, up 8.0 percent ($2.1 billion) compared with the March 2021 quarter.
Retail trade dashboard
Stats NZ’s Retail trade dashboard has further details on retail industries over time – view, compare, and download data for specific retail industries, or data by geographic regions.
We are reviewing the future of the retail trade dashboard. We would like to hear how you use this tool and the value it offers beyond what is included in our quarterly information release and Infoshare tables. Please email [email protected] (Melissa McKenzie, Manager – Business financial statistics) with any feedback.