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New Zealand's retail sales fall 3.4 percent in Q3

WELLINGTON
2023-11-24 08:56

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WELLINGTON, Nov. 24 (Xinhua) -- New Zealand's total retail sales volume fell 3.4 percent in the September 2023 quarter from a year earlier, according to the statistics department Stats NZ on Friday.

This fall followed a 3.5 percent decrease year on year in the June 2023 quarter, Stats NZ said.

Decreases in hardware and motor vehicle retailing drove the fall in the total volume of retail sales in the July-September quarter, compared with the same period last year, Stats NZ business financial statistics manager Katrina Dewbery said.

Thirteen of the 15 retail industries had lower total retail sales volumes in the September 2023 quarter from a year earlier, Dewbery said.
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