Retail Trade Survey: March 2024 Quarter

The retail trade survey measures the sales and stock of businesses that provide household and personal goods and services – for example car yards, petrol stations, supermarkets, cafes and restaurants, and hotels.

Key facts

For the March 2024 quarter compared with the December 2023 quarter, unless otherwise stated:

  • total volume of seasonally adjusted retail sales was $25 billion, up 0.5 percent
  • total value of seasonally adjusted retail sales was $30 billion, up 0.7 percent ($197 million)
  • 13 of the 16 regions had higher seasonally adjusted sales values
  • total value of actual retail sales was $30 billion, up 0.6 percent ($193 million), compared with the March 2023 quarter
  • total value of actual stock as at 31 March 2024 was $9.4 billion, down 3.7 percent ($357 million) compared with 31 March 2023.

Actual values are in current prices and not adjusted for inflation or price effects. Seasonally adjusted values have had typical seasonal patterns removed. Volumes have had price changes removed and are expressed in September 2010 quarter prices.

QuarterActual Seasonally adjustedTrend
Mar-19233075590002375629600023737261000
Jun-19231854890002389237500023953463000
Sep-19232206540002430317900024261889000
Dec-19267090780002442376900024400678000
Mar-20238534770002434680400024540092000
Jun-20199257620002047609400024560022000
Sep-20250922330002612146600025332633000
Dec-20279776840002566659100025692098000
Mar-21254266540002613699600026287757000
Jun-21265116650002717645800026566038000
Sep-21238027070002472472400026745880000
Dec-21291993410002683310700026774278000
Mar-22260074110002671144900026949849000
Jun-22255351640002618911600026671682000
Sep-22249693690002594888700025826044000
Dec-22280260470002571952400025661293000
Mar-23249391970002546742000025483014000
Jun-23246304470002534502400025374657000
Sep-23241132700002514503300025091199000
Dec-23268747390002468136800024819141000
Mar-24243359510002481051700024701697000

Sales volumes up in March

Nine of the 15 industries had higher seasonally adjusted sales volumes in the March 2024 quarter compared with the December 2023 quarter.

By industry, the largest movements were:

  • hardware, building, and garden supplies – down 2.8 percent
  • food and beverage services – up 2.2 percent
  • motor vehicle and parts retailing – up 1.1 percent
  • recreational goods retailing – up 4.7 percent
  • accommodation – up 4.1 percent.
IndustryVolumeValue
Food and beverage services56446000133127000
Motor vehicle and parts retailing37953000-13114000
Recreational goods retailing3381700039247000
Accommodation3274500052857000
“Clothing2867300044885000
footwear2769600054261000
and personal accessories”12376000-28259000
Supermarket and grocery stores925000010159000
Fuel retailing8549000-1558000
Non-store and commission-based retailing-4050004461000
Electrical and electronic goods retailing-7096000-18601000
Liquor retailing-7107000-14823000
Specialised food retailing-1676500027853000
“Furniture-28728000-22546000
floor coverings-58254000-71305000
houseware
and textile goods”
Pharmaceutical and other store-based retailing
Department stores
“Hardware
building
and garden supplies”

Sales values up in March

Eight of the 15 industries had higher seasonally adjusted sales values in the March 2024 quarter compared with the December 2023 quarter.

With price effects included, the largest industry movements were:

  • food and beverage services – up 3.4 percent ($133 million)
  • hardware, building, and garden supplies – down 2.6 percent ($71 million)
  • supermarket and grocery stores – up 0.8 percent ($54 million)
  • accommodation – up 4.0 percent ($53 million)
  • clothing, footwear, and personal accessories – up 3.6 percent ($45 million).

Regional sales values

Thirteen of the 16 regions had higher seasonally adjusted sales values in the March 2024 quarter compared with the December 2023 quarter.

By region, the largest movements were:

  • Canterbury – up 3.7 percent ($147 million)
  • Otago – up 3.4 percent ($56 million)
  • Waikato – up 1.6 percent ($44 million)
  • Southland – up 4.3 percent ($24 million)
  • Bay of Plenty – up 1.2 percent ($22 million).

Tables 7, 8, and 9 in the Excel workbook ‘Retail trade survey: March 2024 quarter’ under Download data have more regional figures.

Stock values down

Stock figures were recorded as at 31 March 2024. All references to stocks are in actual dollars.

The total value of stock held at 31 March 2024 was $9.4 billion, down 3.7 percent ($357 million) compared with 31 March 2023.

By industry, the largest movements were:

  • hardware, building, and garden supplies, down 7.7 percent ($122 million)
  • department stores, down 7.5 percent ($98 million).

More data

Use Infoshare for retail trade tables:

Subject category: Industry sectors
Group: Retail trade (ANZSIC06) – RTT

Definitions and metadata

Retail trade survey – DataInfo+ provides general methodology used to produce retail trade survey statistics.

Retail trade survey concepts – DataInfo+ gives the definitions of terms used in this release.

Technical enquiries

Rudy Rupp
03 964 8318
[email protected]

ISSN 1178-0355

Next release

Retail trade survey: June 2024 quarter will be released on 23 August 2024.

/Stats NZ Public Release. View in full here.