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New Zealand Q2 Retail Sales +2.0% Q/Q; Higher Than Expected

     SYDNEY (MNI) - Retail trade survey for the second quarter published by
Statistics New Zealand on Monday:
                                                  Q2                          Q1
--------------------------------------------------------------------------------
                               (seasonally-adjusted)       (seasonally-adjusted)
Retail Sales Volume                            +2.0%  +1.6% (revised from +1.5%)
MNI Median Consensus                           +1.0%
Core Retail Sales                              +2.1%                       +1.5%
Main Contributors:
Motor Vehicle and Parts                        +1.7%                       +4.9%
Fuel Retailing                                 +1.3%                       -2.5%
Food and Beverage Services                     +4.2%                       +4.0%
Supermarket and Grocery
Stores                                         -0.1%                       -1.3%
Electrical/electronic goods                    +5.2%                       +5.9%
Accommodation                                  +6.1%                       +2.1%
Retail Sales Value                             +1.6%                       +2.5%
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE,MANDA$,MANDS$,MMNRB$,M$A$$$,M$N$$$]

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