NZ data for retail sales in November 2018

Electronic card spending accounts for just under 70% of retail sales (core) and as such this indicator is the main one used as an indicator for such sales

Retail -0.4% m/m

  • expected +0.3%, prior +0.1%
  • for y/y, up 4.6%

Total -0.2% m/m

  • prior -0.1%

Both are a miss on the median consensus estimate.