Stats NZ has a new website.

For new releases go to

www.stats.govt.nz

As we transition to our new site, you'll still find some Stats NZ information here on this archive site.

  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Kaikōura sales slide by a quarter after quake

Last year’s Kaikōura earthquakes caused spending in the town to fall 25 percent, Stats NZ said today. The sales drop came as the quakes choked off the town’s usual summer rush of tourists.

The earthquake, which happened on 14 November, caused slips that closed many roads in the area, including State Highway 1 and the Inland Kaikōura Road – isolating the town.

Retail and tourism-related sales in Kaikōura are usually strongly seasonal, with tourism bumping summer sales 50 percent higher than in the cooler months. However, as the earthquake struck just before the summer period it stopped the normal rush of tourists. This eliminated the usual summertime peak, and left sales 25 percent ($7 million) lower in the December 2016 quarter than in the December 2015 quarter.

Sales in the March 2017 quarter rose from the December 2016 quarter, as road access returned in mid-December (via the Inland Kaikōura Road, and later SH1 to the south). However, compared with the March 2016 quarter, March 2017 quarter sales remained 25 percent lower.

While SH1 to the north remains closed, Kaikōura does not have the through-traffic that drives much of its economy.

In seasonally adjusted terms, with the regular peaks and troughs removed from the series, retail and tourism-related sales in Kaikōura fell 31 percent in the December 2016 quarter when compared with the September 2016 quarter. This was followed by a 6.2 percent rise in the March 2017 quarter.

 

See also:

For media enquiries contact: James Weir, 021 285 9191, info@stats.govt.nz  
Authorised by Mark Sowden, Acting Government Statistician, 29 August 2017

  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Top
  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+