New Zealand retail sales hold up in December quarter

New Zealand retail sales hold up in December quarter

From xinhuanet.com

Robust sales of vehicles, hardware supplies and electrical items contributed to the rise of total retail values in New Zealand in the December quarter last year after the spending surge in the September quarter sales, the country's statistics department Stats NZ said on Tuesday. In actual terms using year on year movements, total retail sales values rose 4.9 percent, or 1.3 billion NZ dollars (0.95 billion U.S. dollars) in December 2020 quarter after the strong 7.4 percent rise in the September 2020 quarter, Stats NZ said. The momentum of higher spending on motor vehicles continued into the December 2020 quarter with ... (full story)

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