22.11.201718:16:00UTC+00New Zealand Retail Sales Gain 0.2% In Q3

The total volume of retail sales in New Zealand was up a seasonally adjusted 0.2 percent on quarter in the third quarter of 2017, Statistics New Zealand said on Thursday.

That beat forecasts for an increase of 0.1 percent but was down from the 1.8 percent spike in the three months prior.

Electrical and electronic goods had the largest increase, up 5.1 percent. Prices have fallen 1.4 percent.

Food and beverage services had a record fall of 3.1 percent. This fall follows the record increase of 4.3 percent for the June 2017 quarter.

Eight of the 15 retail industries had higher sales volumes.