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

Submissions on future of science system

18 Dec 2014 News
Science and Innovation Minister Steven Joyce today released the summary of submissions received in response to the Government's... more

Accreditation Rebuilds Confidence in Christchurch

18 Dec 2014 Canterbury Earthquake
Christchurch City’s reinstatement by International Accreditation New Zealand (IANZ) as a Building Consent Authority (BCA) is a... more

Business

Xero's former chief revenue officer moves to Trade Me

19 Dec 2014 Business News
Article - BusinessDesk   Stuart McLean moves to Trade Me as Xero ditches chief revenue role By Suze Metherell Dec. 19 ... more

MARKET CLOSE: NZ shares rose on oil relief; Air NZ gains

18 Dec 2014 Business News
By Suze Metherell Dec. 18 (BusinessDesk) - New Zealand shares rose, led by OceanaGold Corp and Air New Zealand following a global... more

Living

Fanzones for Auckland’s non-stop summer

19 Dec 2014 Lifestyle
Auckland will turn on a range of free activities this non-stop summer, with the Dick Smith NRL Auckland Nines Festival and Fanzone,... more

The Bicentenary of Beginnings for the Nation

18 Dec 2014 Lifestyle
The history of 200 years ago, including Christmas Day 1814, is being remembered as the first steps towards nationhood for Aotearoa... more

Property

Affordable housing development agreement signed

18 Dec 2014 Property
The Government has signed a development agreement for the construction of 237 homes as part of its affordable housing project on an... more

NZ weekly rents rise 5.3% in November, upward trend slowing

15 Dec 2014 Property
By Paul McBeth Dec. 15 (BusinessDesk) - Median national housing rents rose at an annual pace of 5.3 percent in November, slowing... more

Migration

Immigration rises to a fresh annual record

19 Dec 2014 Migration
Article - BusinessDesk   Immigration rises to a fresh record, fuelled by returning kiwis, Indian students By Suze ... more

UK pension service Britannia 'pauses' TV ads on FMA warning

19 Dec 2014 Migration
Article - BusinessDesk   Britannia takes down TV ads, working with FMA over UK pension ads By Suze Metherell Dec. 19 ... more

Travel

Air New Zealand takes out win on World's Top Ten Airlines

18 Dec 2014 Travel & Tourism
AirlineRatings.com has announced along with its Airline Excellence Awards its Top Ten airlines for 2015. Heading the list is... more

Tourism Holdings lifts annual profit forecast to $17 million

18 Dec 2014 Travel & Tourism
By Suze Metherell Dec. 18 (BusinessDesk) - Tourism Holdings, the biggest campervan rental company in Australia and New Zealand, has... more

Sport

Dan Carter leaves All Black's to play for Paris club

18 Dec 2014 Rugby
Dan Carter is poised to become the world’s highest-paid rugby player when the All Blacks great moves to France after next... more

Double record bid for King Country shearer

18 Dec 2014 Sport
Te Kuiti shearer Stacey Te Huia has confirmed he will tackle two of the World’s toughest shearing records early in the New ... more

Columns

Gordon Campbell on the Pakistan schoolchildren killings

18 Dec 2014 Column
by Gordon Campbell The slaughter of the children in Pakistan is incomprehensibly awful. On the side, it has thrown a spotlight onto... more

Gordon Campbell on income inequality, and Christmas songs

12 Dec 2014 Column
Article - Gordon Campbell   Gordon Campbell on income inequality, and yo ho ho Christmas songs by Gordon Campbell As 2014... more

Kiwi Success

DreamCatchers launched in UK

18 Dec 2014 People
In association with Kea, The New Zealand High Commission and The New Zealand Society, Dream Catchers was launched at New Zealand House... more

Inspiring Stories :Young Kiwis Making a Difference

8 Dec 2014 People
Wellington, December 8th – At only 15 years old, Auckland student Hunter Williams is the youngest winner of the Inspiring... more

Recruitment

Job ads trending down, says ANZ survey

19 Dec 2014 Recruitment
By Fiona Rotherham Dec. 19 (BusinessDesk) - Total job advertising has taken an end-of-year dip, falling 0.1 per cent in November... more

Scheme to fill hard-to-staff health jobs working

18 Dec 2014 Recruitment
Health Minister Jonathan Coleman says a scheme to fill hard-to-staff health roles is making a real difference to the career choices... more