New Zealand retail sales volume (with price effects removed) dropped -0.5% qoq in Q1, much worse than expectation of 0.4% qoq. Ex-auto sales volume was flat, below expectation of 0.4% qoq. Total value of retail sales rose 0.5% qoq. 12 of the 16 regions showed higher sales values. By region, the largest changes in sales […]
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