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New Zealand retail sales in a striking advance.

Publication: Market Asia Pacific
Publication Date: 01-JUL-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Retail sales in New Zealand soared 3.8 percent in the quarter ending in March 2007. Sales were us$405-million. The increase is the fastest on record. New Zealand began tracking retail sales in 1995.

The graph above clearly shows the magnitude of the March 2007 increase. The data comes from Statistics New Zealand (June 2007) and the graph is showing the percentage increase in seasonally adjusted per capita retail spending (in yellow).

The seasonally adjusted figures dampen the regular spikes that show up...

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