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HomeNEWSChristchurch retail growth takes a breath after post-earthquake climb

Christchurch retail growth takes a breath after post-earthquake climb

Five years on from the Christchurch earthquakes, the garden city is continuing to flower as hospitality enjoys another positive quarter despite an easing of growth in the retail sector.

Statistics New Zealand’s latest retail trade indicator for Christchurch has painted a positive picture for hospitality, with sales increasing by 2.2 percent. Retail lags slightly with a 1.1 percent decrease.

The hospitality sector continues its almost two years of growth, which has helped bolster the overall sales of the two industries.

The fall in sales in the March 2016 quarter follows a 0.9 percent rise in December 2015 and a strong 2.7 percent rise in the 2015 quarter.

The recent dip in sales performance may have been contributed to by the lower fuel prices in the same period.

After a slower period of growth immediately after the Canterbury earthquakes, Christchurch has maintained its gap ahead of the national level, although there are signs of this levelling off in the latest quarter.

 

Since the June 2010 quarter, just prior to the first earthquake, the trend for retail and hospitality sales has risen 32 percent, compared with 25 percent rise for the whole country.

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