New Zealand Retail sales excl. inflation for Q2: +3.3% q/q (prior 2.5%)
I posted earlier on remarks from the Bundesbank overnight that central banks were looking at Q2 data to assess the ‘base’ from which economies were approaching the renewed outbreaks and restrictions:
The Reserve Bank of New Zealand will use these retail sales figures to contribute to that sort of assessment for the NZ economy.
- +3.3% q/q and +33.3% y/y (base effects impacting the y/y)
Earlier on NZ fin min said:
The data from NZ has been near universally positive, this set today the same.
