New Zealand data – Q2 retail sales ex-inflation: +1.2% q/q (vs. +1.0% expected)

Headlines on Bloomberg: New Zealand data – Q2 retail sales ex-inflation: +1.2 % q/q

• +1.0% expected
• prior was +0.8%, revised from +0.7%

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Retails sales +1.0% q/q and +3.8% on same quarter in 2013

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NZD liking the data