New Zealand - Retail Sales





New Zealand: Retail Sales

Mnemonic WRT.INZL
Unit Mil. NZD, SA
Adjustments Seasonally Adjusted
Quarterly 0.7 %
Data 2019 Q2 24,472
2019 Q1 24,302

Series Information

Source Statistics New Zealand
Release Retail Trade - Quarterly
Frequency Quarterly
Start Date 9/30/1995
End Date 6/30/2019

New Zealand: Consumer

Reference Last Previous Units Frequency
Consumer Confidence 2019 Q3 103.1 103.5 Index, NSA Quarterly
Personal Income 2019 Q2 165.64 164.17 Index 2005=100, SA Quarterly
Retail Sales 2019 Q2 24,472 24,302 Mil. NZD, SA Quarterly

Release Information

The Retail Trade Survey (RTS) is designed to provide short-term economic indicators of the retail trade sector in New Zealand. In addition, the data is used for the compilation of the retail trade sector component of quarterly national accounts (on the production side) and in the compilation of household consumption expenditure (on the expenditure side). Subnational. Quarterly from 1995.

Statistics New Zealand (Stats NZ) use administrative data (goods and services tax (GST) data, sourced from Inland Revenue) wherever possible, and supplement this by surveying only the largest and most complex businesses. With this design they have reduced the number of businesses being surveyed by 87 percent and eliminated most of the small- and medium-sized businesses from the survey entirely.

The target population is all kind-of-activity units (KAUs) operating in New Zealand classified on Stats NZ’s Business Register (BR) to Australian and New Zealand Standard Industrial Classification 2006 (ANZSIC06) Division G – Retail Trade, and ANZSIC06 Division H – Accommodation and Food Services. Stats NZ collect GEO or store-based sales information from the largest businesses. This ensures that they provide regional and other geographic-based retail statistics.

All seasonally adjusted figures are subject to revision each month. This enables the seasonal component to be better estimated and removed from the series.