Recreational goods and watches and jewellery led annual gains, whilst the online share declined.<\/p>\n
Retail sales increased 1.5% YoY at current prices in July, slowing from 4% growth in June, according to the Department of Statistics.<\/p>\n
Excluding motor vehicles, parts and accessories, retail sales also rose 1.5%, compared with a 4.1% increase in the previous month.<\/p>\n
The total value of retail sales was estimated at $4.4b. Excluding motor vehicles, parts and accessories, sales amounted to approximately $3.7b.<\/p>\n
Recreational-goods retailers recorded the strongest annual growth at 13.9%, supported by higher sporting-goods sales.<\/p>\n
Sales of watches and jewellery increased 11.1%, whilst computers and telecommunications equipment rose 5.1%.<\/p>\n
These gains were partly offset by weaker sales in several segments. Food and alcohol declined 5.1%, whilst department stores recorded a 3.5% decrease.<\/p>\n
On a seasonally adjusted basis, total retail sales increased 0.9% from June. Excluding motor vehicles, sales rose 0.7%.<\/p>\n
Recreational goods led the monthly increase with growth of 7.5%, followed by department stores at 4.6% and supermarkets and hypermarkets at 4.3%.<\/p>\n
Petrol-service-station sales fell 7.2% from June, whilst computers and telecommunications equipment declined 4.7%.<\/p>\n
Online transactions accounted for 15.4% of total retail sales in July, down from 16.4% in June.<\/p>\n
Computers and telecommunications equipment had the highest online-sales share at 62.9%, followed by furniture and household equipment at 35.6%.<\/p>\n","protected":false},"excerpt":{"rendered":"Recreational goods and watches and jewellery led annual gains, whilst the online share declined. Retail sales increased 1.5%…\n","protected":false},"author":2,"featured_media":593381,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-593380","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/593380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=593380"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/593380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/593381"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=593380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=593380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=593380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}