Financial News: New Zealand Q4 Retail Sales Volume Climbs 0.9%

New Zealand Q4 Retail Sales Volume Climbs 0.9%

02/23/2025 - 18:19:00 (RTTNews)

(RTTNews) - The total volume of overall retail sales in New Zealand was up a seasonally adjusted 0.9 percent on quarter in the fourth quarter of 2024, Statistics New Zealand said on Monday.

That beat forecasts for an increase of 0.5 percent following the upwardly revised flat reading in the previous three months (originally -0.1 percent).

The total value of seasonally adjusted retail sales was NZ$30 billion, up 1.4 percent on quarter.

By industry, the largest volume movements were electrical and electronic goods retailing - up 5.1 percent; department stores - up 4.2 percent; accommodation - up 7.6 percent; food and beverage services - up 2.3 percent; and pharmaceutical and other store-based retailing - down 3.4 percent.

On a yearly basis, retail sales were up 0.2 percent in Q4.

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