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New Zealand Q2 Retail Sales -1.0% q/q (expected -2.6%)

Consumers have been cutting back in New Zealand in the face of rapid and sustained interest rate hikes. The last two meetings of the Reserve Bank of New Zealand have been a bit of a relief with the Bank leaving the cash rate on hold. Retail sales -1.0% q/qexpected -2.6%, prior -1.4%for the y/y -3.5%prior -4.1%Retail sales ex-autos -1.8% q/qexpected -2.5%, prior -1.1% This article was written by Eamonn Sheridan at www.forexlive.com... Read More

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Posted: Aug 22 2023, 22:45

Author Name: forexlive

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