New Zealand: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is 4.5 percent as of Q1 2026, an increase compared to the previous value of 4.4 percent. Historically, the average for New Zealand from Q1 2018 to Q1 2026 is 1.78 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 |
|---|---|
| 2026 Q1 | 4.5 |
| 2025 Q4 | 4.4 |
| 2025 Q3 | 4.5 |
| 2025 Q2 | 2.3 |
| 2025 Q1 | 0.7 |
| 2024 Q4 | 0.3 |
| 2024 Q3 | -2.5 |
| 2024 Q2 | -3.6 |
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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 | 0.90 | Q3/2025 | percent |
| Retail sales Y-on-Y | 4.50 | Q1/2026 | percent |
| House price index | 231.34 | Q1/2026 | index points |
| Real residential property prices Y-on-Y change | -3.72 | Q1/2026 | percent |
| Business confidence survey | 36.60 | 6/2026 | points |
| Consumer confidence | 96.93 | Q2/2026 | points |