Retail Sales Slump By Pandemic Restrictions: Stats NZ

  • May 22, 2020 NZST
  • Team Kalkine
Retail Sales Slump By Pandemic Restrictions: Stats NZ

As per the Stats NZ report, in March 2020 quarter, kiwis spent less on eating out, vehicles, and accommodation away from home.

After a comparatively flat December 2019 quarter, sales fell by 0.7 per cent in March 2020.

In the last eight years, it is the sharpest decline in retail sales volume, cited retail statistics manager Kathy Hicks. In the hospitality sector, sales of businesses offering food and beverages declined by 6.7 per cent and accommodation services by 9.3 per cent.

 

 


Disclaimer
The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK