Retail sales fall in December quarter

The total volume of retail sales decreased 4.0 percent in the December 2022 quarter compared with the December 2021 quarter, Stats NZ said today.

Decreased volumes of retail sales were seen in the hardware, building, and garden supplies industry, down 15 percent, and in the motor vehicles and parts industry, down 10 percent, helping to drive a fall in total retail sales compared with the December 2021 quarter.

“Falls in building supplies and vehicle sales in the December 2022 quarter are reflective of a decline from the peak in sales seen during December 2021,” business financial statistics manager Melissa McKenzie said.

“COVID-19 restrictions have influenced changes in sales patterns in many retail industries over the last few years.”

“HardwareMotor vehicle and parts retailingAccommodationFood and beverage services
Dec-17 building33947630008325100002625626000
Mar-18 and garden supplies”33063070009653540002498706000
Jun-18208712800034002360007521180002448978000
Sep-18184510800033890700007504240002356044000
Dec-18193810200032962650009041370002696847000
Mar-19197485300033551320009531420002525401000
Jun-19216852200034123960007558220002462338000
Sep-19193499500034868830007295210002464504000
Dec-19198193500034713310008796560002721404000
Mar-20204346000031864010008940930002379849000
Jun-20222646400026631210004494110001418048000
Sep-20200957200039606730006668400002312665000
Dec-20163298000037919790007573640002628070000
Mar-21232873300038031180008595330002424907000
Jun-21255245800040330300007959570002604173000
Sep-21231117200035835030006770820002055442000
Dec-21242927700041597620006459490002447430000
Mar-22209510300039286020007538490002276576000
Jun-22295034600036648150007415050002523557000
Sep-22251099000037067240007419310002667247000
Dec-22245891000037296310008283580002787395000

Sales volumes grew in the hospitality sector in the December 2022 quarter, with food and beverage services up 14 percent, while accommodation services were up 28 percent compared with the December 2021 quarter.

“With border restrictions lifting, a return of international visitors was likely to have helped boost hospitality spending at the end of 2022,” McKenzie said.

“”“Actual ““Seasonally adjusted”
“Dec-2017”“24984613000”“23011185000”
“Mar-2018”“22552229000”“22965414000”
“Jun-2018”“22534192000”“23197210000”
“Sep-2018”“22219692000”“23256880000”
“Dec-2018”“25855443000”“23702426000”
“Mar-2019”“23307559000”“23887843000”
“Jun-2019”“23185489000”“23812459000”
“Sep-2019”“23220654000”“24197059000”
“Dec-2019”“26709078000”“24533456000”
“Mar-2020”“23853477000”“24155856000”
“Jun-2020”“19925762000”“20432863000”
“Sep-2020”“25092233000”“26071917000”
“Dec-2020”“27977684000”“25651071000”
“Mar-2021”“25426654000”“26226972000”
“Jun-2021”“26511665000”“27054231000”
“Sep-2021”“23802707000”“24758548000”
“Dec-2021”“29199341000”“27020858000”
“Mar-2022”“26007411000”“26616598000”
“Jun-2022”“25535164000”“26013488000”
“Sep-2022”“24979966000”“26172362000”
“Dec-2022”“28017685000”“26021984000”

After seasonal patterns were removed, as well as price effects, total retail sales volumes fell 0.6 percent in the December 2022 quarter compared with the September 2022 quarter. This followed a 0.6 percent increase in the September 2022 quarter. Seasonally adjusted series are subject to revision as more data is collected in future periods, and as we better understand how seasonal patterns have evolved since COVID-19 impacts first started.

/Stats NZ Public Release. View in full here.