NZ retail sales growth slows to 0.2% pace in third quarter on drop in hospitality, fuel

Wed, 22 Nov 2017

By Sophie Boot Nov. 23 (BusinessDesk) - New Zealand retail sales increased at a slower pace in the third quarter, as restaurant sales dropped without major sporting events and fuel prices continued to decline. Sales volumes rose 0.2 percent in the three months ended Sept. 30, following a 2 percent rise in the June quarter, Statistics New Zealand figures show. The value of retail sales rose 0.1 percent, compared to the 1.6 percent increase in the previous quarter. Eight of the 15 industries surveyed posted higher sales volumes in the qu...

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