By Stats NZ
The World Masters Games and the Lions rugby tour helped boost hospitality spend, which saw record growth for the food and beverages services industry in the June 2017 quarter.
After adjusting for price and seasonal effects, retail sales volumes in the food and beverage services industry increased 4.2% in the quarter, said Stats NZ in its latest Retail Trade Survey.
The sector, which includes cafes, restaurants, bars, takeaways, and catering services, saw the largest increase in the series.
“With more than 28,000 people attending the World Masters Games in late April, and the surge of 23,000 visitors from the UK and Ireland, many arriving for the Lions rugby series starting in June, there was an expected lift for food and drink providers,” said Stats NZ’s business indicators senior manager, Daria Kwon.
“Accommodation sales also showed the strongest increase in three years, up 6.1%, which was reflected by a 14% rise in international guest nights in the June Accommodation Survey.”
Total retail sales volume rose 2% in the June 2017 quarter. This followed a 1.6% rise in the March quarter.
Retail sales values show record boost in food and beverage services
When the effects of price changes are included, the food and beverage industry also recorded the largest increase in the values series, up 4.6% or $117m. This followed a strong increase of 4.5% or $109m in the March quarter.
The value of total retail sales rose 1.6% or $351m for the June 2017 quarter. This followed the record dollar value increase of 2.5% or $523m in the March quarter.
In actual terms, the value of total retail sales was $21.3bn in the June 2017 quarter, up 6.7% or $1.3bn from the June 2016 quarter.The value of sales in the North Island rose 1.9 percent ($309 million) in the June 2017 quarter, after a 2.3 percent ($365 million) rise in the March 2017 quarter.
The value of sales in the North Island rose 1.9% or $309m following a 2.3% or $365m rise in the March 2017 quarter. The Auckland region dominated the rise in the North Island, with an increase of 2.5% or $200m.
The value of sales in the South Island rose 0.8% or $42m with Canterbury recording a fall of 0.5% or $15m, while the remainder of the South region rose 2.5% or $57m.