Retail sales in the third quarter in New Zealand were expected to fall, and while they have its not by as much as was respected.
-0.1% q/q
- expected -0.5%, prior -1.2%
- For the y/y, -2.5% (prior -3.6%)
Trade data for October was also published:
Later this week we’ll get another cash rate cut from the Reserve Bank of New Zealand:
- Reserve Bank of New Zealand (RBNZ) Shadow Board recommend a 50bp cash rate cut this week
This article was written by Eamonn Sheridan at www.forexlive.com.
#Zealand #retail #sales #expected #Forexlive
New Zealand retail sales
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