Fuel and clothes boost spending

JAMES WEIR
Last updated 11:37 17/02/2014

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Retail spending zipped ahead in the December quarter, rising 1.2 per cent by volume, led by fuel, clothing and footwear as well as recreational goods.

Statistics NZ figures released today show that after adjusting for seasonal effects, volumes were up 1.2 per cent, after a 0.2 per cent gain in the September quarter.

"Nine of the 15 retail industries had higher sales volumes in this latest quarter," Statistics NZ industry and labour statistics manager Blair Cardno said.

The industries with the largest increases in December were, fuel retailing, up 5.7 per cent, clothing, footwear, and accessories retailing, up almost 10 per cent and recreational goods retailing, up 8.6 per cent. Excluding vehicle-related industries, core retail sales volumes were up 0.7 per cent.

When the effect of price changes is included, the total value of retail sales rose 1.2 per cent ($221 million), with sales rising in 11 of the 15 retail industries. For the core retail industries, sales rose 1.0 per cent ($143 million).

The trends for both total retail sales volumes and values have generally been rising since mid-2009. In actual terms the value of total retail sales was $19.9 billion in the December 2013 quarter, up 3.9 per cent compared with the same quarter in 2012.

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- Fairfax Media

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