Hopes that growth in Australia would rebound in Q1 were easily met, with GDP rising 3.4% q/q compared to 3.0% expected. The Australian economy grew 3.4% q/q in seasonally adjusted terms in q4, according to the ABS (Australian Bureau of Statistics), beating expectations of 3%. The economy grew by 4.2% y/y to beat expectations of […]
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New Zealand’s goods exports increased by 7.5% yoy in October, reaching NZD 5.8B, while total goods imports rose by 3.0% yoy to NZD 7.3B. This resulted in a trade deficit of NZD -1.54B, which, although Read more…
New Zealand’s retail sales volume for Q3 showed a marginal decline of -0.1% qoq, a better outcome than the expected -0.5% qoq contraction. However, the data revealed underlying weakness, as retail sales excluding autos fell Read more…
Retail sales fell 0.1% in the September quarter, a smaller drop than we expected. Retail spending remains soft, but is likely to firm over the coming months. September quarter retail sales (volume of good sold): Read more…