NZ retail sales growth stalls in June as prices play catch up

Thu, 22 Aug 2019

By Rebecca Howard Aug. 23 (BusinessDesk) - Retail sales growth stalled in the June quarter, although rising prices helped the value of sales catch up from a lull earlier in the year. Retail sales volumes rose a seasonally adjusted 0.2 percent in the June quarter from 0.7 percent in the March quarter, Stats NZ said. Economists polled by Bloomberg had predicted the 0.2 percent lift. “We’ve seen relatively small changes in most of our retail industries this quarter,” retail statistics manager Sue Chapman said. The data echoes recent c...

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