Retail growth positive, but headwinds remain

Tuesday October 16, 2012 Dr Adrian Slack

The latest electronic card transactions for the September quarter show that seasonally adjusted retail sales grew at 0.9 percent. This is in line with our June forecast, for annual growth of 3.5-4.0 percent. It was a bit ahead of what might be implied from the Treasury’s Monthly Economic Indicators forecast in August.

Services sector activity better than year earlier

Tuesday April 17, 2012 Kelly Dustow

Business NZ’s monthly Performance of Services Index (PSI) declined in March 2012. The seasonally-adjusted index fell 1.9 points from February to 53.9 in March 2012. Despite this fall, the PSI index is up 2.3 points on year-earlier levels.

Retail sales begin to thaw

Monday May 14, 2012

The latest retail trade stats are somewhat of a warm relief to the recent chill weather. Seasonally adjusted sales rose by1.1 percent in the last month. But the cool conditions may have contributed to the pick-up in retail sales. Clothing and softgoods sales in August had the largest increase ($14 million, 6.6 percent) across the 24 industries that StatsNZ monitors.