25 August 2025, 03:27  New Zealand: Retail Sales Above Forecasts in Q2.

Retail sales in New Zealand rose 0.5% quarter-on-quarter in the three months to June 2025, easing from a 0.8% increase in the first quarter but exceeding market expectations of a 0.2% gain. Adjusted for price and seasonal effects, 8 of the 15 retail industries recorded higher sales volumes compared with the March 2025 quarter. The largest contributions came from electrical and electronic goods, which jumped 4.6%, followed by supermarkets and grocery stores at 1.3%, and pharmaceutical retailing at 1.2%. On the other hand, clothing, footwear and personal accessories, accommodation, and fuel retailing posted the sharpest declines. From a regional perspective, retail sales in the South Island increased by 0.2%, while sales in the North Island fell 0.3%. On an annual basis, total retail sales climbed 2.3% in Q2, marking a notable acceleration from the 0.7% gain recorded in Q1.

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