Retail sales fall after Rugby World Cup boost 13 Jun 2012
- Triathlon Participation Boosts Kiwi Kids’ Self-Esteem News
- Pumpkin Patch affirms guidance for weaker 2016 earnings Business
- Taupo Racetrack rebrands to Bruce McLaren Motorsport Park Living
- Minister to take back inquiry appointment powers over EEZ Business
- Government unveils RMA reform package with enough support Business
- Energy Mad nearly halves first-half loss Business
- NTC Live Comes to Auckland Living
- China back on top as NZ's biggest export destination Business
- Kirk Hope rumoured front-runner for top job at BusinessNZ Business
- Emirates to be official airline sponsor at ASB Classic Living
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)
22 Nov 2015 News
New Zealand Government Rt Hon John Key Prime Minister 22 November 2015 PM welcomes closer partnership with ASEAN Prime ... more
20 Nov 2015 Business News
Nov. 20 (BusinessDesk) - Tower, the general insurer, says it will report an annual loss next week after raising its provisioning for... more
17 Nov 2015 Business News
Article - BusinessDesk NZ inflation expectations drift further below 2% mid-point Nov. 17 (BusinessDesk) - Longer term ... more
20 Nov 2015 Lifestyle
New Zealand’s recreation industry recognised 10 inspiring individuals and organisations at the New Zealand Recreation ... more
4 Nov 2015 Property
Auckland house price growth moderates in October as new rules introduced Nov. 4 (BusinessDesk) - Auckland house price growth... more
12 Oct 2015 Migration
Those looking for a sense of security when immigrating to New Zealand or Australia, need look no futher than the first inusrance... more
21 Sep 2015 Migration
NZ's annual net migration reaches record 60,300 in August on Indian, Chinese students By Jonathan Underhill Sept. 21... more
29 Oct 2015 Travel & Tourism
Internal Affairs says Australia's cloud passports only "conceptual" for now Oct. 29 (BusinessDesk) - The Department of... more
22 Oct 2015 Travel & Tourism
Auckland Airport a 'conductor' for New Zealand tourism, CEO Littlewood says Oct. 22 (BusinessDesk) - Auckland International... more
19 Nov 2015 Sport
New Zealand Rugby Union Richie McCaw retires from rugby Richie McCaw has today confirmed he is hanging up his boot... more
20 Nov 2015 Opinion
Gordon Campbell on why Islamic State’s growing weakness makes it more dangerous One of the great things about writing online... more
20 Nov 2015 Appointments
Article - BusinessDesk Cavalier promotes CFO Paul Alston to top job By Paul McBeth Nov. 20 (BusinessDesk) - Cavalier Corp, the... more
4 Nov 2015 Recruitment
Article - BusinessDesk UPDATE: NZ employment falls in third quarter, adding to case for further RBNZ rate cut (Recasts to... more