| About CMS | Forex Services | Trading Software | Forex Education | Forex Resources | My Account |
Main Indicator: Retail Sales m/m
Most Recent Release
|
Actual | Forecast | Previous | Revised Form | |
| -1.2% | 0.1% | 1.2% | 1.0% | ||
|
For May
Retail sales figures for May were dragged into negative territory by weak motor vehicle sales. The decrease was led by the motor vehicle retailing industry (which has a strong influence on the total sales movement due to its large size and volatility), down 14.8 percent ($102 million). However, core retail sales (which excludes the vehicle-related industries) rose 0.7 percent ($27 million). 14 of the 24 industries reported slower sales. There were increases in grocery stores and automotive fuel retailing, but the report suggests that New Zealand is slowly sliding into recessionary times. The central bank's anticipation of the slowing demand is that it will also curb inflation, which will give policy members room to cut rates from its record-high 8.25%. |
|||||
Table of Past Data
| 10/11 | 11/14 | 12/12 | 1/17 | 2/14 | 3/12 | 4/13 | 5/14 | 6/12 | 7/13 | ||
| Actual | 0.2% | 1.0% | -0.7% | 2.0% | 0.1% | 0.3% | -0.7% | -1.2% | 1.0% | -1.2% | |
| Forecast | 0.4% | 0.5% | 0.9% | 0.7% | 0.3% | -0.4% | 0.4% | 0.1% | |||
| Previous | 0.1% | 0.2% | 1.0% | -0.6% | 2.0% | 0.1% | 0.3% | -0.6% | -1.2% | 1.2% | |
| Revised From | 0.0% | N/A | N/A | -0.7% | N/A | N/A | N/A | -0.7% | N/A | 1.0% | |
Secondary Indicator: Core Retail Sales
Most Recent Release
|
Actual | Forecast | Previous | Revised Form | |
| 0.7% | 0.5% | -0.3% | -0.5% |
Table of Past Data
| 3/12 | 4/12 | 5/13 | 6/13 | 9/12 | 3/12 | 4/13 | 5/14 | 6/12 | 7/13 | ||
| Actual | 1.00% | 2.30% | 0.80% | -0.9% | -0.2% | 0.3% | 0.2% | -0.5% | -0.5% | 0.7% | |
| Forecast | 1.90% | 0.0% | 0.3% | 0.1% | -0.4% | 0.2% | 0.5% | ||||
| Previous | 0.20% | 1.00% | 2.30% | 0.8% | -0.5% | 0.3% | 0.4% | 0.1% | -0.5% | -0.3% | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | 0.3% | 0.2% | N/A | -0.5% | |
Past Releases
Retail Sales m/m
|
Actual | Forecast | Previous | Revised Form | |
| 1.0% | 0.4% | -1.2% | N/A | ||
|
For April
Overall retail sales grew faster than expected in April according to Statistics New Zealand. The 3-month trend has cooled off from consistently growing 0.5% since June 1998, to 0.1% between February 2008 and April 2008. Also stripping away the automotive sector, sales were down -0.5% for a second straight month. From the release: Seasonally adjusted total retail sales rose 1.0 percent ($52 million) in April 2008, Statistics New Zealand said today. This followed a 1.2 percent fall in March 2008. Core retail sales (which excludes the vehiclerelated industries) fell 0.5 percent ($19 million).The RBNZ has already been considering a rate cut this year from its record high 8.25% OCR. The past two retail sales releases have shown that the economy is starting to cool off. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.5% | 0.2% | -0.5% | N/A | ||
| See Retail Sales | |||||
|
Actual | Forecast | Previous | Revised Form | |
| -1.2% | -0.4% | -0.6% | -0.7% | ||
|
For March
Retail Sales Ex Autos m/m: -0.5%, forecast -0.4%, pr 0.1%
NZD/USD - Kiwi Falls Following Retail Sales Data: The New Zealand Dollar fell 60 pips to the US Dollar following the sales data, and set a low near 0.7540 overnight. The Kiwi's pared some of its overnight losses following the NY open, but hit fresh resistance at 0.76 and fell back down.
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.5% | -0.4% | 0.1% | 0.2% | ||
|
For March
Retail Sales Ex Autos m/m: -0.5%, forecast -0.4%, pr 0.1%
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.7% | 0.3% | N/A | |||
|
For February
Core Retail Sales m/m: 0.2%, pr. 0.4% r(0.3%) New Zealand's retail sales fell in February, declining 0.7%. Consumers are feeling the effects of rising food costs and record-high interest rates. The combination has left consumers with less to spend on appliances and cars (vehicle sales fell 5.8% m/m). Gasoline has increased 22% since February 2006, and food is up 5.2% on an annual pace. Consumer confidence is sliding and home price growth is starting to slow, a condition seen in other economies around the world. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.2% | 0.4% | 0.3% |
|
Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.3% | 0.1% | N/A | ||
|
For January
Official Release for Statistics New Zealand Grocery and supermarket stores marked the largest contributions to retail sales. However, with the food price index up 0.4%, this retail growth was inflation driven, rather than volume-driven. Also, the sales trend, on average up 0.5% a month, has been supported by the recent rise in fuel industry. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.1% | 0.3% | N/A |
|
Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.7% | 2.0% | N/A | ||
|
For December.
Retail Sales ex. Autos: 0.3%, forecast 0.3%, pr. 0.9%
For the December quarter, retail sales increased 1.9% compared to the September quarter. Positive contributions came from auto fuel, clothing and softgoods, motor vehicle, and supermarket and grocery store retailing. Higher than usual fuel prices drove automotive fuel retailing up 15.1% for the quarter. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 2.0% | 0.9% | -0.6% | -0.7% | ||
|
For November. Official Release for Statistics New Zealanad Retail Sales Ex. Autos m/m: 0.9% (Nov), pr. -1.1% (Sept). 14 of the 24 industries recorded sales. Sales were much more than expected because the automobile fuel retailing sales rose 9.0% to the highest level since records began.Motor vehicle retailing sales rose 4.3%. Stripping away these volatile components, core retail sales modestly rose 0.9%. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.7% | 1.0% | N/A | |||
|
For October. Retail Sales Ex. Autos m/m: pr. 0.5%. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 1.0% | 0.5% | 0.2% | N/A | ||
|
For September. Retail Sales Ex. Autos m/m: 0.5%, pr. 0.8% Retail Sales Ex. Inflation q/q (3rd Q): 0.2%, forecast 0.2, pr. -0.6% |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.2% | 0.4% | 0.1% | 0.0% | ||
|
For August. Retail Sales ex. Autos: 0.8%, forecast 0.5%, pr. -0.1% |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.2% | 0.3% | -0.5% | N/A | ||
| Core retail sales fell again in July. 11 out of the 20 core retail industries reported lower sales in July than June. | |||||
|
Actual | Forecast | Previous | Revised Form | |
| -0.9% | 0.0% | 0.8% | N/A | ||
| Excluding the vehicle related industries,core retailing dropped 0.9% in April. Accommodation and appliance retailing were the two major contributor to this drop. | |||||
|
Actual | Forecast | Previous | Revised Form | |
| 0.80% | 1.90% | 2.30% | N/A |
|
Actual | Forecast | Previous | Revised Form | |
| 2.30% | 1.00% | N/A |
|
Actual | Forecast | Previous | Revised Form | |
| 1.00% | 0.20% | N/A |
















