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New Zealand retail sales rose more......>

NEW ZEALAND: New Zealand retail sales rose more than expected in the second
quarter, suggesting a rebound a household consumption and reducing downside risk
to the Reserve Bank's monetary policy. Data published by Statistics New Zealand
Wednesday showed retail sales rose 1.1% q/q in Q2, beating MNI median forecast
for a small 0.3% rise. Importantly, the Q2 gain follows an upward revision in Q1
sales to +0.3% from +0.1% originally reported. The largest contribution to Q2
sales came from hardware, building and garden supplies that rose 4.7% q/q after
a small 0.6% rise in Q1.
- For full story see MNI Main Wire at 00:14 BST 08/22, or contact us for full
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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