14th October 2021 FPI / Stats NZ
Seasonally adjusted food prices were up 0.9% on the month prior in September as higher priced chicken and eggs came home to roost.
The easing of Covid-19 alert levels everywhere apart from Auckland saw retail card spending edge up 0.9% or $45m compared with August to hit $5.15bn, according to Stats NZ.
Food and beverage services sales topped $3.38bn in June 2021 quarter, according to Stats NZ’s latest retail trade survey.
Food prices rose 1.3% in July compared with the previous month, mainly influenced by fruit and vege price hikes.
New Zealanders spent $77m – or 0.9% – more using their credit and debit cards in July 2021 compared with the previous month, Stats NZ said today, with total card spending hitting $8.53bn.
Capsicum prices jumped 27% to a weighted average price of $24.16 per kilogram, an all-time high.
Monthly goods exports were up $461m to $5.9bn after a 12% rise in dairy products in the month of May, according to StatsNZ.
Food price rose 0.4% in May compared with the month prior when rising prices for tomatoes and cucumbers contributed to a 1.1% jump, according to Stats NZ.
Manufacturing sales volumes reached a record peak of $27bn in the March quarter, up 0.4% or $113m from the December 2020 quarter, according to Stats NZ.
Total exports of goods and services fell $14.3bn or 16.5%, to $72.6bn in the year ending March 2021, as visibility of the full Covid-19 affected year emerged, according to Stats NZ.
In April 2021, the value of total goods exports rose 1.2% or $65m compared with April 2020, to $5.4bn.
Higher retail spending on electronic items and outdoor recreational goods this summer helped boost overall spending in the March 2021 quarter, according to Stats NZ.
The number of sheep in New Zealand in June 2020 was 26 million, down 3% on the same month in 2019, according to final agricultural production figures from Stats NZ.
Food prices were flat in March 2021, falling 0.4% compared to February 2021, according to Stats NZ.
Spending on grocery and liquor in March was down 3.3%, or $74m, from February 2021 levels, according to Stats NZ.
Jobs in the accommodation and food services sectors were down 5.4% for February 2021.
Goods exports were up $233m in the December quarter, driven by an increase in fish, crustaceans, and molluscs, as well as milk powder, butter and cheese, according to Stats NZ.
Restaurant meals and foods such as Thai and Indian helped lift prices in Feb but it was the slowest growth for 18 months.
Spending on food fell in February 2021 due to Covid-19 restrictions, says Stats NZ.
Dairy and meat product manufacturing fell 3.2% to $288m in the December 2020 quarter, says Stats NZ.
It was the fifth consecutive month where dairy exports were less than the corresponding month a year ago.
Stats NZ says NZ meat exporters were selling more for less.
As air freight costs soared due to Covid-19 border closures, so did the price of exporting.
Dairy and meat product manufacturing volumes, and wholesale grocery and liquor value saw huge lifts in the Sept quarter.
Both dairy and meat exports have taken a dive in the September quarter.
Some dairy products were down $198m.
NZ’s retail sector is on the road to recovery, according to the latest figures from Stats NZ.
Gains made in the March and June quarters have been impacted by the fall.
They’ve increased by 58% in over two decades.