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Consumption (M2)

This data, sourced from Stats NZ, monitors consumption in New Zealand using the amount of retail sales as the measure.

Special note

Data revisions

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Retail trade sales
Date ($m) ($m s.a.) (q/q% s.a.) (y/y%)
Previous years:
Dec 2022 32,689 30,115 0.3 5.4
Dec 2023 32,569 30,031 -1.7 -0.4
Quarterly:
Mar 2024 29,956 30,238 0.7 0.6
Jun 2024 28,783 29,810 -1.4 -1.6
Sep 2024 28,471 29,666 -0.5 -2.8
Dec 2024 32,629 30,088 1.4 0.2

Data revisions

23 February 2024

The release today includes some data revisions by Statistics New Zealand (due to seasonal adjustment methodology update). These revisions cover quarters back to the September 2017 quarter.

For further information see:  Update to seasonal adjustment methodology for the Retail Trade Survey | Stats NZ


View all Consumption Special notes

The data: coverage, periodicity and timeliness

Coverage characteristics

Retail trade statistics measure the sales of a wide range of businesses that provide household and personal goods and services.

Final consumption expenditure from the national accounts comprises expenditure by households, private non-profits, central and local government.

Periodicity

Quarterly

Timeliness

We publish retail trade statistics around seven weeks after the end of the reference quarter.

We publish gross domestic product around three months after the end of the reference quarter.

Access by the public

Statistics release calendar

The statistics release calendar provides a long-term plan of scheduled releases. We update and release the calendar on the first working day of the month.

View the statistics release calendar

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

We have reproduced the data with the permission of Statistics New Zealand.

Provision of information about revisions and advance notice of major changes in methodology

We generally publish revisions when we update and release a table. New or revised data is in bold font.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

We source data from Statistics New Zealand.

Retail trade statistics

Gross domestic product

Retail trade

Sales

The value sales (excluding GST) in the retail trade sector.

Volumes

Retail sales volumes expressed in September 2010 quarter prices. This is a constant price estimate that removes movement caused by price changes.

Consumption

Private

Private final consumption expenditure comprises household expenditure or outlays on consumer goods and services, and the final consumption expenditure on non-capital items of private non-profit institutions serving households.

General government

Government final consumption expenditure is the value of goods and services provided by the government sector for current consumption by the community. It includes both central and local government.

Symbols and conventions for summary table

Symbol or convention Definition
0 Zero or value rounded to zero
- Not applicable
.. Not available
bold Revised/new
italics Provisional
Light grey background Historical

General notes

  • Individual figures may not sum to the totals due to rounding
  • Percentage changes are calculated on unrounded numbers
  • You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.