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Treasury Looks For A Q3 Rebound In Retail Sales, Wary Of Risks

NEW ZEALAND

New Zealand's Treasury expects a strong rebound in retail sales during the September quarter, "driven by a period of pent-up demand. A number of high-frequency indicators support this view. There is, however, a risk that rising unemployment, lower household incomes and continued uncertainty will slow the recovery. Moreover, the absence of international visitors means that retail sales are likely to remain below previous levels for some time."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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