NZ retail sales edge up 0.1% in June quarter as online purchases grow, petrol slides

Thu, 13 Aug 2015

By Paul McBeth Aug. 14 (BusinessDesk) - New Zealand retail sales volumes edged up in the June quarter, missing expectations, as growth in online buying helped offset a slide in petrol purchases. The volume of retail sales rose a seasonally adjusted 0.1 percent in the three months ended June 30, shrinking from the 2.3 percent expansion in the March quarter, according to Statistics New Zealand. That was less than the 0.5 percent expansion seen in a Reuters poll of economists. Stripping out vehicle-related purchases, core retail sales vol...

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