Retail sales fall after Rugby World Cup boost   13 Jun 2012

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)

Add a comment

Bookmark and Share

News

NZ Music Icon Ray Columbus Passes Away

3 Dec 2016 Arts
60s New Zealand music Icon Ray Columbus has passed away peacefully at his home north of Auckland today after a four year battle with... more

Adams wishes Netsafe well for new Harmful Digital Communications role

21 Nov 2016 News
New Zealand Government Hon Amy Adams Minister of Justice 21 November 2016 Justice Minister Amy Adams has wished Netsafe well as it ... more

Business

Key crowns APEC summit with China free-trade upgrade

21 Nov 2016 Business News By Pattrick Smellie
Article - BusinessDesk Monday 21 November 2016 08:50 AM Key crowns APEC summit with China free-trade upgrade By Pattrick Smellie in ... more

Ports of Auckland does deal with KiwiRail

18 Nov 2016 Business News
Article - BusinessDesk Ports of Auckland does deal with KiwiRail as Centreport slapped with exclusion zone By Jonathan Underhill Nov.... more

Living

3rd Position, Louis Vuitton America’s Cup World Series

21 Nov 2016 Lifestyle
Emirates Team New Zealand EMIRATES TEAM NEW ZEALAND CLOSES IN 3rd POSITION THE LOUIS VUITTON AMERICA’S CUP WORLD SERIES more

Arts Foundation Award recipients for 2016

14 Nov 2016 Lifestyle
The Arts Foundation Next generation of internationally acclaimed talent among the Arts Foundation Award recipients for 2016Under ... more

Property

NZ house prices gain 11% in October

14 Nov 2016 Property
Article - BusinessDesk Monday 14 November 2016 10:28 AM NZ house prices gain 11% in October, driven by sales of higher value homes By... more

RBNZ sees pressures building in Auckland construction sector

11 Nov 2016 Property By Paul McBeth
Article - BusinessDesk Thursday 10 November 2016 04:04 PM RBNZ sees pressures building in Auckland construction sector By Paul ... more

Migration

Changes to Financial Markets Conduct Act impact UK pension transfers

1 Nov 2016 Migration
New Zealand Government Hon Paul GoldsmithMinister of Commerce and Consumer Affairs 1 November 2016 Changes to Financial Markets... more

NZ migration, tourism hits new highs in September

21 Oct 2016 Migration By Sophie Boot
Article - BusinessDesk Friday 21 October 2016 11:23 AM NZ migration, tourism hits new highs in September, driven by record... more

Travel

Air NZ teams up Ronan Keating, Julian Dennison for Christmas song

2 Dec 2016 Travel & Tourism
Air New Zealand has paired up with singer Ronan Keating and rising Kiwi actor Julian Dennison to rejig a Christmas classic. 'Summer... more

China tourism growth set to accelerate

31 Oct 2016 NZ Tourism By Tina Morrison
Article - BusinessDesk Monday 31 October 2016 11:05 AM China tourism growth set to accelerate with increased flights Oct. 31... more

Sport

Southern Hemisphere vs. Northern rugby

3 Dec 2016 Rugby

more

New Zealand Black Ferns Sevens claim top prize in Dubai

3 Dec 2016 Rugby
New Zealand's women claim top prize in DubaiAustralia and New Zealand played out yet another thrilling final in Dubai as the Black... more

Columns

Gordon Campbell on the Gareth Morgan crusade

11 Nov 2016 Opinion
Column - Gordon Campbell   Gordon Campbell on the Gareth Morgan crusade First published on Werewolf more

Gordon Campbell on the US election outcome

10 Nov 2016 Opinion
Column - Gordon Campbell   Gordon Campbell on the US election outcome more

Kiwi Success

Acting District Court Judge appointed

11 Nov 2016 Appointments
New Zealand Government Hon Christopher FinlaysonAttorney-General 11 November 2016 Acting District Court Judge appointed Wellington... more

Abby Foote appointed to TVNZ Board

1 Nov 2016 Appointments
New Zealand Government Hon Amy Adams Minister of Broadcasting 1 November 2016 Abby Foote appointed to TVNZ Board Broadcasting... more

Recruitment

Fisher Funds hunts for new head to replace founder

2 Nov 2016 Recruitment
Article - BusinessDesk Tuesday 01 November 2016 04:42 PM Fisher Funds hunts for new head to replace founder Carmel Fisher By Paul ... more

AWF Madison buys Absolute IT for $15.3mn

19 Oct 2016 Recruitment By Sophie Boot
Article - BusinessDesk Wednesday 19 October 2016 09:09 AM AWF Madison buys Absolute IT for $15.3mn, expanding further into white... more

s