Get out there and spend you lot!

Q3 Retail sales excl. inflation: +0.2% q/q

  • expected +0.1%
  • prior +1.8%, revised from +1.9%

NZD up a little more after the beat.

8 industries recorded increases in the September quarter

  • electrical and electronic goods had the largest rise
  • food and beverage services recorded the largest decrease

More:

  • When the effects of price changes are included, total retail sales values rose 0.1 percent in the quarter
  • The last time retail sales growth was around this level was in the June 2015 quarter
  • Eight of the 15 industries had higher sales values with supermarket and grocery sales recording the largest increase
  • largest decrease was in fuel retailing

As I update, NZD back to where it was prior to the release (more or less)