The total volume of retail sales in New Zealand dropped a seasonally adjusted 0.7 percent on quarter, Statistics New Zealand said on Friday - following the downwardly revised flat reading in the three months prior (originally a 0.7 percent increase).
Eight of the 15 industries had lower sales volumes in the March 2020 quarter. Motor vehicles and parts retailing had the largest fall, down 7.5 percent after a flat December 2019 quarter. Food and beverage services had the second largest fall, down 6.7 percent on the back of a 0.9 fall in the December quarter.
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