Sales on electronic cards cover around 68% of core retail sales in New Zealand

Retail +1.4% m/m

  • expected +0.5%, prior +0.5%

Total +0.6% m/m

  • prior +0.2%

Not generally too much of an immediate NZD mover. Nevertheless, a good beat on retail spending.

NZD data was a little soft in the aftermath of the election but has recovered somewhat in recent weeks and months.

NZD little changed.