Retail sales decline for second quarter in row

The volume of total retail sales fell 2.3 percent in the June 2022 quarter, after a 0.9 percent decrease in the March 2022 quarter when adjusting for price and seasonal effects, Stats NZ said today.

This is the second time retail sales volumes have fallen over two consecutive quarters since the COVID-19 outbreak. The first was in the March and June 2020 quarters.

Actual Seasonally adjusted
Jun-172185674700022535871000
Sep-172163473900022727515000
Dec-172498461300023008837000
Mar-182255222900022961795000
Jun-182253419200023181086000
Sep-182221969200023286589000
Dec-182585544300023679424000
Mar-192330755900023899638000
Jun-192318548900023788792000
Sep-192322065400024243718000
Dec-192670907800024499987000
Mar-202385347700024166525000
Jun-201992576200020443666000
Sep-202509223300026143615000
Dec-202797768400025573751000
Mar-212542665400026259116000
Jun-212651166500027075684000
Sep-212380270700024804235000
Dec-212919934100026907211000
Mar-222600741100026656661000
Jun-222553516400026050971000

Ten of the 15 retail industries had lower sales volumes in the June 2022 quarter compared with the March 2022 quarter.

Motor vehicle and parts retailing had the largest fall, down 5.8 percent in seasonally adjusted volumes, after a 5.3 percent fall in the March 2022 quarter.

“Some vehicle dealers commented in their surveys that supply issues led to lower sales this quarter,” business financial statistics manager Melissa McKenzie said.

“On the 1st of April 2022, more vehicles became eligible for the clean car rebate, and fees came into effect for high emission vehicles. This may also have influenced the peak seen in vehicle and parts retailing in the December 2021 quarter and the fall in the June 2022 quarter,” Ms McKenzie said.

See Clean Car questions and answers on the Waka Kotahi website for more information on the clean car rebates and fees.

Electrical and electronic goods retailing had the second-largest decrease in the volume of sales, down 6.1 percent; followed by supermarket and grocery stores with a fall of 2.9 percent; and hardware, building, and garden supplies down 5.3 percent, compared with the March 2022 quarter.

Industry (ANZSIC06)$
Food and beverage services77370000
Accommodation71290000
Department stores38595000
“Clothing17649000
footwear16241000
and personal accessories”-3145000
Non-store and commission-based retailing-6495000
Liquor retailing-12087000
Specialised food retailing-15172000
Pharmaceutical and other store-based retailing-36338000
Recreational goods retailing-63052000
Fuel retailing-139119000
“Furniture-139994000
floor coverings-180915000
houseware-230517000
and textile goods”
“Hardware
building
and garden supplies”
Supermarket and grocery stores
Electrical and electronic goods retailing
Motor vehicle and parts retailing

The largest rises were in food and beverage services, up 3.3 percent, and accommodation, up 11 percent.

“The increases in food and beverage services, and accommodation sales volumes coincided with the progressive easing of border restrictions in New Zealand over the quarter,” Ms McKenzie said.

Without accounting for price effects and seasonal patterns, in actual terms, the value of total retail sales was $28.5 billion in the June 2022 quarter, up 3.8 percent ($1 billion) compared with the June 2021 quarter.

Retail trade dashboard

Stats NZ’s retail trade dashboard has further details on retail industries over time – view, compare, and download data for specific retail industries, or data by geographic regions.

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/Stats NZ Public Release. View in full here.