New Zealand: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is 0.2 percent as of Q4 2024, an increase compared to the previous value of -2.5 percent. Historically, the average for New Zealand from Q1 2018 to Q4 2024 is 1.51 percent. The minimum of -14.1 percent was recorded in Q2 2020, while the maximum of 33.1 percent was reached in Q2 2021.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Statistics New Zealand
| Recent values | New Zealand: Retail sales Y-on-Y |
|---|---|
| 2024 Q4 | 0.2 |
| 2024 Q3 | -2.5 |
| 2024 Q2 | -3.6 |
| 2024 Q1 | -2.4 |
| 2023 Q4 | -4.1 |
| 2023 Q3 | -3.4 |
| 2023 Q2 | -3.5 |
| 2023 Q1 | -4.1 |
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Definition: The retail sales Y-on-Y is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction.
Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year.
The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | 0.80 | Q4/2024 | percent |
| Retail sales Y-on-Y | 0.20 | Q4/2024 | percent |
| House price index | 231.02 | Q3/2024 | index points |
| Real residential property prices Y-on-Y change | -3.26 | Q3/2024 | percent |
| Business confidence survey | 49.30 | 4/2025 | points |
| Consumer confidence survey | -10.80 | Q1/2025 | points |