Retail sales fall after Rugby World Cup boost 13 Jun 2012
- Brownlee Finally Gets His Spanish Nemesis In Auckland Sport
- American One-Two Success For The Kiwis Sport
- SKYCITY Mystics (57) Ascot Park Hotel Southern Steel (52) Sport
- West Coast Fever (55) defeated Adelaide Thunderbirds (50) Sport
- Silver Ferns to Face Australia in October Sport
- Series Champs Decided in Masterton Living
- Increase in business R&D spend welcomed News
- Labour Leader goes to the big game News
- Netball Central Zone in the Black Sport
- Kearney set for next RLWC Sport
Statistics New Zealand has revised the release for Retail Trade Survey: March 2012 quarter, first published on 14 May 2012.
The revised results show that in the March 2012 quarter, the volume of core retail sales fell, but to a lesser extent than previously indicated. This fall is off the back of a boost from the Rugby World Cup in the previous two quarters.
Sales volumes for the core retail industries (which exclude vehicle-related industries) fell 1.4 percent in the March 2012 quarter. This decrease follows strong growth in the second half of 2011, when the Rugby World Cup brought 133,200 overseas visitors to New Zealand.
When the two vehicle-related industries are included, total sales volumes fell 0.6 percent.
"The industries that led this drop are the same ones whose sales were boosted during the Cup – supermarkets, accommodation, and fuel," industry and labour statistics manager Blair Cardno said.
"Although sales volumes have fallen, they are still above their pre-Cup levels."
When the effects of price changes are included, the value of core retail sales fell 1.0 percent to $13.3 billion. The value of total retail sales remained flat, up just 0.1 percent, at $17.4 billion.
When we look at the longer-term picture, the trends for both total sales volumes and values have flattened after a period of strong increases.
"Following the release of retail trade statistics for the March 2012 quarter, a number of economic commentators queried the extent of the sales volumes decline in the supermarket and grocery stores," Mr Cardno said.
"We hold ourselves to the highest standards and considered we had an obligation to further investigate the figures. Additional information and investigation allowed us to determine we had an anomalous result, which did not reflect the economic reality and therefore needed to be revised."
For more information, please see the Revisions section of the accompanying information release and Quarterly Retail Trade Survey time-series revision on the Statistics NZ website.
Dallas Welch (Mrs)
Acting Government Statistician
13 June 2012
(Statistics New Zealand)
26 Mar 2015 News
Legislation modernising rules applying to Royal succession to the throne came into force today in New Zealand and in the 16 Realms... more
27 Mar 2015 Business News
Article - BusinessDesk NZ milk powder futures drop as Fonterra lifts GDT volumes, signalling prices will fall By Tina ... more
26 Mar 2015 Business News
NZ commercial property lending less risky now due to lower debt funding March 26 (BusinessDesk) - The Reserve Bank said New... more
13 Mar 2015 Lifestyle
Fusing light, music, mobile and one of Auckland’s most recognisable landmarks together – 2degrees launched another Kiwi... more
12 Mar 2015 Property
NZ house prices rise 3.6% in February, led by a 14% jump in Auckland prices March 12 (BusinessDesk) - New Zealand residential... more
2 Mar 2015 Migration
Prime Minister John Key says he is not aware of any suspected war criminals from the former Yugoslavia in New Zealand. The claim that... more
17 Mar 2015 Travel & Tourism
Associate Transport Minister Craig Foss is welcoming a move by the rental vehicle industry to establish a Code of Best Practice to... more
6 Mar 2015 Travel & Tourism
Sustainable workforce solutions were at the centre of discussions between Government Ministers and tourism industry representatives... more
ICC World Cup 2015: Sunday doesn’t guarantee success but it gives the greatest chance, says McCullum
28 Mar 2015 Cricket
Q. Who won the real battle of big brother against little brother?BRENDON McCULLUM: I think he won, but I definitely had some mad... more
28 Mar 2015 Cricket
The International Cricket Council today announced the match official appointments for the final of the ICC Cricket World Cup 2015,... more
28 Mar 2015 Opinion
Former New Zealand captain says the team will be focusing on enjoying themselves, knowing they are part of something that will be the... more
27 Mar 2015 Opinion
Gordon Campbell on a funeral in Asia, the Northland by-election, and news priorities Supposedly, New Zealand’s destiny... more
18 Mar 2015 Appointments
Tower names Seniors Money's Brett Wilson as CFO, replacing Boggs March 18 (BusinessDesk) - Tower, the listed general insurer,... more
6 Mar 2015 People
Glassjar, the kiwi software start-up whose app provides people an easy way of sharing bills, has launched in the United States. The... more
26 Mar 2015 Recruitment
Workplace Relations and Safety Minister Michael Woodhouse today announced a package of measures to strengthen enforcement of minimum... more
20 Mar 2015 Recruitment
RESEND: Warehouse says 63% of permanent staff now on 'career retailer wage' (Fixes fourth paragraph to show Warehouse is... more