Home Featured New Zealand Retail Sales Volume Rises 4.8% On Year In Q4

New Zealand Retail Sales Volume Rises 4.8% On Year In Q4

0
New Zealand Retail Sales Volume Rises 4.8% On Year In Q4
Businessman using tablet analyzing sales data and economic growth graph chart. Business strategy. Abstract icon. Digital marketing.

The volume of retail sales in New Zealand was up 4.8 percent on year in the fourth quarter of 2020, Statistics New Zealand said on Tuesday – slowing from 8.3 percent in the three months prior.

The total value of retail sales was up 4.9 percent (NZ$1.3 billion).

the main movements by industry were: motor vehicle and parts retailing, up 12 percent (NZ$412 million); hardware, building, and garden supplies, up 16 percent (NZ$388 million); electrical and electronic goods retailing, up 19 percent (NZ$214 million); and supermarket and grocery stores, up 3.3 percent (NZ$187 million).

On a quarterly basis, sales were down 2.7 percent after skyrocketing 28.0 percent in the previous three months.

The material has been provided by InstaForex Company – www.instaforex.com