Breaking News

New Zealand Retail Sales Quarterly YoY

Latest Release

Nov 24, 2024

Actual

-2.5%

-3.6%

Retail sales data represents total consumer purchase from retail stores. It provides valuable information about consumer spending which makes up the consumption part of GDP. The most volatile components like autos, gas prices andfood prices are often removed from the report to show more underlying demand patterns as changes in sales in these categories are frequently a result of price changes. It is not adjusted for inflation. Spending on services is not included. Rising retail sales indicate stronger economic growth. However, if theincrease is larger than forecast, it may be inflationary.

Importance:

Country:

Currency: NZD

Source: Statistics New Zealand

Release Date	Time	Actual	Forecast	Previous
Nov 24, 2024 (Q3)	21:45	-2.5%		-3.6%
Aug 22, 2024 (Q2)	22:45	-3.6%		-2.4%
May 22, 2024 (Q1)	22:45	-2.4%		-4.1%
Feb 22, 2024 (Q4)	21:45	-4.1%		-3.4%
Nov 23, 2023 (Q3)	21:45	-3.4%		-3.5%
Aug 22, 2023 (Q2)	22:45	-3.5%	3.1%	-4.1%

Analysis

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Retail Sales Quarterly Vs. Year Ago Discussion

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