Global Economic News

New Zealand Retail Sales Tumble 8.1% On Quarter In Q3

The total volume of retail sales in New Zealand was down a seasonally adjusted 8.1 percent on quarter in the third quarter of 2021, Statistics New Zealand said on Tuesday - following the 3.3 percent increase in the second quarter.

By industry, the largest movements were: food and beverage services - down 19 percent; motor vehicle and parts retailing - down 12 percent; department stores - down 24 percent; and hardware, building, and garden supplies - down 15 percent.

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by RTTNews Staff Writer

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