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NZ 3Q Retail Sales Release
NZ 3Q Retail Sales Release
NZ Retail numbers for 3Q have just been released.
The data came in mixed:
Adjusted Retail
Sales Volume (3Q) +0.2%
(Consensus +0.1%)
Adjusted (Core) Retail
Sales Value +0.1% (Consensus
+0.25%)
Q2 figures were revised higher to 1.8% from 1.7%.
The total volume of retail sales rose 1.7%.
The food and beverage industry had the largest increase in the series, up 4.2%. The record increase reflects the influx of sporting fans and visitors for the World Masters Games and the Lions rugby tour held in New Zealand during the June quarter.
The NZD is slightly higher in immediate response.
Current indicative levels are:
NZD-USD 0.6875 /
0.6895
NZD-AUD 0.9020 /
0.9045
NZD-EUR 0.5810 /
0.5830
NZD-GBP 0.5155 /
0.5175
NZD-JPY 76.40. /
76.70
NZD-CAD 0.8730 /
0.8750
ENDS
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