New Zealand Q3 retail gross sales -Zero.1% q/q (anticipated -Zero.5%)

Retail gross sales within the third quarter in New Zealand have been anticipated to fall, and whereas they’ve its not by as a lot as was revered.

-Zero.1% q/q

• anticipated -Zero.5%, prior -1.2%
• For the y/y, -2.5% (prior -Three.6%)

Commerce knowledge for October was additionally printed:

Later this week we’ll get one other money charge reduce from the Reserve Financial institution of New Zealand:

• Reserve Financial institution of New Zealand (RBNZ) Shadow Board suggest a 50bp money charge reduce this week

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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